Meridian Capital Group is on track for a strong year, to say the least. After seven months, the seniors housing and healthcare team has already arranged $650 million in financing across skilled nursing, independent living and assisted living properties. Most recently, the team of Ari Adlerstein, Ari Dobkin and Josh Simpson arranged an $18.75 million refinance of two skilled nursing facilities (and 318 total beds) in Rhode Island, as well as a $2 million revolving line of credit on behalf of a 120-bed skilled nursing facility in Arizona.
Other recent highlights include a $69 million loan for four skilled nursing facilities with 654 beds and two home care licenses in New Jersey, a $34 million loan plus a credit line for a four-SNF portfolio in Indiana, and two acquisition loans in Wisconsin ($17.25 million for three skilled nursing facilities) and Ohio ($3.8 million along with $1.8 million in capex for a 197-bed independent living community).
Proving they’re no one-trick pony, Messrs. Adlerstein, Dobkin and Simpson also arranged the sale of an assisted living community in Pennsylvania for $41 million.