New York & Tri-State + New Jersey + Finance | August 18, 2021

Meridian Secures $60M Refi on Secaucus Hospital

Meridian Capital Group arranged $60 million in financing to refinance Hudson Regional Hospital in Secaucus, NJ on behalf of the hospital’s chairman of the board, Yan Moshe.

The loan, provided by Cross River, totals $50 million in senior financing in addition to a $10-million AR line of credit. The Cross River team was led by Doug Esposito and Raina Yoo.

The transaction was originated by Meridian SVP Jake Handelsman, and the financing was negotiated by the heads of Meridian’s senior housing and healthcare platform, Ari Adlerstein and Ari Dobkin, managing director Josh Simpson, and associate David Gottlieb.

Located at 55 Meadowlands Pkwy. in Secaucus, Hudson Regional Hospital is comprised of 204 beds across four stories. Since the property was acquired in 2018, the sponsor has invested tens of millions of dollars in renovations and technological innovations, attracting leading practitioners and surgeons from the New York metro area.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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