January 25, 2018
New York-based Meridian Capital Group arranged $136 million in acquisition financing for a portfolio containing 10 skilled nursing facilities located throughout Ohio. The five-year loan, which was provided by a balance sheet lender, features six months of interest-only payments, and a 25-year amortization schedule.
The portfolio contains 1,464 beds, and offers both short-term recovery and rehabilitation services and long-term care, in addition to a memory care program that includes quarterly family nights and a variety of daily activities and therapeutic recreation. The facilities have skilled and caring physical, occupational and speech therapists on staff.
Meridian’s Ari Adlerstein, Ari Dobkin, Josh Simpson and Corey Schwartz negotiated the deal, on behalf of the unnamed borrower.
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