Meridian Capital Group’s Billion-Dollar Year (So Far)
The team at Meridian Capital Group just hit $1.0 billion in seniors housing and health care financings so far this year. That impressive haul is spread across more than 40 transactions in 16 states. Most recently, the team, led by Ari Adlerstein, Ari Dobkin and Josh Simpson, arranged $36 million in acquisition financing for a 700-bed skilled nursing/assisted living portfolio in Indiana. The same trio also arranged $24 million in acquisition financing for a portfolio of rehabilitation and skilled nursing facilities with 383 beds in Kansas and Nebraska, and a $20 million construction loan for a 124-bed assisted living/memory care community in Florida. Well done! Read More »
Meridian’s $650 Million Year, So Far
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... Read More »
Meridian Capital Group’s Impressive Spring
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... Read More »
Meridian Capital Group Closes $77 Million In Financings
Meridian Capital Group showed off its range in closing financings for three clients, including two acquisition loans and a HUD refinance. Ari Adlerstein and Ari Dobkin first worked on behalf of a regional operator to arrange a $16.3 million HUD loan that refinanced a 120-bed skilled nursing facility in Ocean View, New Jersey. Then, for another regional operator, the pair secured a $12.8 million acquisition loan for the borrower to purchase a portfolio of three skilled nursing facilities in Massachusetts that total 286 beds. A balance sheet lender provided the five-year loan, which featured a floating interest rate over the 30-day LIBOR. And finally, a balance sheet lender again provided a... Read More »Schedule a demo
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