The team of Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian Capital Group had quite the Q1, closing more than $500 million across 17 transactions in nine states. Helping them reach that impressive mark were a couple of large financings for skilled nursing portfolio sales, including $126 million in both debt and equity arranged for Summit Healthcare REIT to purchase 14 skilled nursing facilities in Indiana. A finance company provided the $96 million loan, while an institutional investor funded the $30 million in equity. Then, on behalf of a private skilled nursing owner, Meridian arranged a $90 million loan (also provided by a finance company) to fund the acquisition of 12 SNFs in Virginia, totaling 1,346 beds.
On top of these deals, the Meridian team also closed $44 million in financing for three skilled nursing facilities and 396 beds in Ohio, $41 million in financing for four New Jersey SNFs totaling 628 beds, a $15.4 million acquisition loan for a large 265-bed SNF in Illinois (plus $3.5 million in working capital), and a $6.5 million refinance of a 99-bed SNF in Ohio.
