Meridian Capital Group’s Senior Housing and Healthcare team closed more than $245 million in transaction volume in June for a combination of 15 facilities in six states. These transactions were negotiated by Meridian’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson.
The team’s recent closings include a $105 million loan from a commercial bank to refinance 11 facilities comprised of 1,003 skilled nursing beds and 185 assisted living units in California, Colorado, and Iowa, and a $33.9 million loan from a commercial bank along with a $2.5 million A/R line to refinance two skilled nursing facilities totaling 280 beds in North Carolina. The latter transaction was arranged by Meridian’s Sim Goldberg.
They also arranged $60.8 million in acquisition financing from a commercial bank along with a $3.75 million A/R line for a 240-bed skilled nursing facility in New York, as well as $39.6 million in acquisition financing from a finance company for a 180-bed skilled nursing facility in New Jersey.
