Meridian Arranges $210M Financing for 5-State Healthcare Portfolio
New York-based Meridian Capital Group arranged $210 million in financing for a combination of skilled nursing, assisted living, and continuing care retirement communities located in FL, MD, WI, MN, and NC.
The financing package included a $60 million acquisition loan, along with $15 million in working capital for five skilled nursing facilities totaling 607 beds located throughout FL, in addition to another $6.8 million in acquisition financing for a 104-bed skilled nursing facility in FL.
In MD, Meridian arranged $35 million in acquisition financing for two skilled nursing facilities and the cash-out of a third facility; $32 million in acquisition financing for two healthcare facilities consisting of 263 skilled nursing beds and 25 assisted living beds; and arranged the $25 million sale of two skilled nursing facilities totaling 240 beds.
Other deals included: $9 million in financing for an 81-bed skilled nursing facility in MN,;a $4.2 million acquisition loan for a 160-bed skilled nursing facility in WI; and the $9.6 million sale of a 120-bed skilled nursing facility in NC.
Meridian’s Ari Adlerstein, Ari Dobkin and Josh Simpson arranged the deals.
For comments, questions or concerns, please contact Dennis Kaiser