It’s been a sizzling Spring so far for Meridian Capital Group, which has so far closed $121.5 million in financing since mid-March. The most recent financings were arranged by the trio of Ari Adlerstein, Ari Dobkin and Josh Simpson on behalf of eight skilled nursing facilities in Florida, New Jersey, Connecticut and Maryland. The largest featured both a $42.4 million acquisition financing and a line of credit for a 230-bed facility in Miami Beach.
The trio arranged two other acquisition loans, including a $9.2 million loan for a 106-bed SNF in Baltimore, Maryland, and $10.2 million in financing for two facilities with 120 total licensed beds in Deland, Florida. Finally, Meridian arranged three refinances, for a 130-bed SNF in Berkeley Heights, New Jersey ($17.4 million), two facilities and 240 total beds in Norwalk and Bucks Hill, Connecticut ($21.5 million), and a 120-bed SNF in Fort Myers, Florida ($10.2 million). These deals come on the heels of $77 million in three other closings that Meridian announced last month. Not too shabby.
