OHIO — Meridian Capital Group has arranged $136 million in acquisition financing for a portfolio containing 10 skilled nursing facilities throughout Ohio.
The 10-facility 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. The names and locations were not disclosed.
A balance sheet lender provided the five-year loan. It features six months of interest-only payments and a 25-year amortization schedule.
Ari Adlerstein, Ari Dobkin, Josh Simpson and Corey Schwartz, all based in Meridian’s New York City headquarters, negotiated the transaction.