VIRGINIA and TEXAS — Meridian Capital Group’s seniors housing and healthcare team arranged $58 million in senior and mezzanine financing to refinance a portfolio of memory care facilities in Virginia and Texas. The team also arranged the sale of an assisted living and memory care facility in Richmond, Va., and arranged $6 million in acquisition and construction financing in conjunction with the sale.
The three standalone memory care facilities total 204 beds in Virginia and Texas and are triple-net leased to a regional operator. The loan consists of $48 million of senior financing and $10 million of mezzanine financing.
The assisted living and memory care facility totals 140 beds across 125 units in Richmond. The specific names, locations and borrowers were not released.
Ari Adlerstein, Ari Dobkin and Josh Simpson led the Meridian team.