Meridian Capital Group showed off its range in closing financings for three clients, including two acquisition loans and a HUD refinance. Ari Adlerstein and Ari Dobkin first worked on behalf of a regional operator to arrange a $16.3 million HUD loan that refinanced a 120-bed skilled nursing facility in Ocean View, New Jersey.
Then, for another regional operator, the pair secured a $12.8 million acquisition loan for the borrower to purchase a portfolio of three skilled nursing facilities in Massachusetts that total 286 beds. A balance sheet lender provided the five-year loan, which featured a floating interest rate over the 30-day LIBOR.
And finally, a balance sheet lender again provided a $48.25 million loan, this time allowing a private healthcare investor to acquire four skilled nursing facilities and 724 total beds in Ohio. Messrs. Adlerstein and Dobkin arranged a 24-month loan with a floating interest rate and interest-only payments to fund the deal.