NewPoint Acquires HHC Finance’s HUD Businesses
NewPoint Real Estate Capital LLC, a joint venture between Meridian Capital Group and Barings, announced that it has acquired certain assets of Housing & Healthcare Finance, including its FHA multifamily and healthcare origination business and its loan servicing portfolio. This deal augments NewPoint’s existing HUD lending services and also its healthcare and seniors housing financing capabilities. For HHC Finance, the firm gains the backing of NewPoint’s scale and its own range of services offered, now including a multifamily bridge lending program which was launched earlier this month to provide loans of $5 million to $50 million with... Read More »
Meridian Capital Group Announces Latest Activity
Another month, another slew of closings from Meridian Capital Group. The Senior Housing and Healthcare team including Ari Adlerstein, Ari Dobkin, Josh Simpson, Matt Lesnik, Jesse Rauch, Rafi Sod, Yuval Hananya, David Gottlieb, Jacob Scott and Brett Hebert negotiated the transactions, which included several refinances, acquisition loans and two property sales. The targets in the sales included a 103-unit assisted living/memory care community in Missouri that sold for $10.2 million, or $99,000 per unit, and a 90-unit AL/MC community in Utah that sold for $6.5 million, or $72,200 per unit. Meridian’s Avi Begun arranged acquisition financing for both properties, with an $8.3 million loan from... Read More »
Meridian Capital Group Closes a Strong September
Meridian Capital Group’s Senior Housing and Healthcare team announced another $219 million in transaction volume closed across eight skilled nursing, assisted living, independent living and memory care properties in seven states in September. The team that negotiated these deals included Ari Adlerstein, Ari Dobkin, Josh Simpson, Matt Lesnik, Jesse Rauch, Rafi Sod, David Gottlieb and Jacob Scott. There were a few acquisition loans, the largest being a $68 million loan from a commercial bank plus a $2.5 million A/R line for a CCRC in Michigan totaling 89 skilled nursing, 65 assisted living, 852 independent living and 31 memory care beds. Meridian also arranged the LP equity for the... Read More »
Meridian Capital Group Reports Busy July
In the month of July, Meridian Capital Group’s Senior Housing and Healthcare team has closed $863.4 million in transaction volume for a combined 60 skilled nursing and assisted living properties in 13 states. That brings the year-to-date total to $3.6 billion in volume, or already surpassing the $3.2 billion in transactions closed in 2020. Well done to Ari Adlerstein, Ari Dobkin, Josh Simpson, Matt Lesnik, Jesse Rauch, David Gottlieb and Jacob Scott who negotiated the deals. Meridian’s largest deal of the month was a $324.7 million acquisition financing provided by a commercial bank and mezzanine lender for 21 skilled nursing facilities with 2,643 total beds in New Jersey,... Read More »Schedule a demo
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