Meridian Capital Arranges $5M in Financing for Purchase of Memory Care Facility in Alabama

by Jeff Shaw

MONTGOMERY, Ala. — Meridian Capital Group has arranged $5 million in financing for Birchwood Health Care Properties to purchase Angels for the Elderly, a 64-unit memory care facility in Montgomery.

The bridge-to-HUD loan features two years of interest-only payments.

Ari Adlerstein, Ari Dobkin and Josh Simpson, all of Meridian’s New York City office, arranged the financing. 

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