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| Countryside Lakes Apartments, 941 Village Trail, Port Orange, FL |
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| Ari Adlerstein |
New York, NY, Jan. 17,
2017 – Meridian Capital Group, America’s most active debt broker, arranged
$26.2 million in balance sheet and mezzanine acquisition financing for the
purchase of an assisted living facility located in Port Orange, FL on behalf of
Shepherd Health, a Florida-based real estate development company and senior
housing operator.
The five-year loan
features full-term interest-only payments for the mezzanine loan. This
transaction was negotiated by Meridian Managing Directors, Ari Adlerstein and Ari
Dobkin, and Vice President, Josh
Simpson, who are all based in the company’s New York City headquarters.
CountrySide Lakes is a
146-unit, 160,000 square-foot assisted living facility, located at 941 Village
Trail in Port Orange. The facility has well-maintained landscaped grounds
spanning just under seven acres, and newly refurbished rooms and common areas.
Amenities include a heated
swimming pool, shuffle board, billiards room, fitness center, a beauty salon,
barber shop and nature trails. Each unit is equipped with a full handicapped
accessible kitchen and bathroom and a screened-in balcony or porch. Port Orange
is situated near U.S. Route 1 and Interstate 95, making Countryside Lakes
easily accessible by road travel.
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| Ari Dobkin |
“Meridian was able to lend
comfort to the partner banks by successfully demonstrating the strength of the
asset, the borrower’s management team, and the borrower’s business potential –
including some potentially industry-changing ideas,” explained Mr. Adlerstein.
“We delivered a financing solution that met all our client’s expectations,” he
added.
Meridian is headquartered
in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida
and California. www.meridiancapital.com
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
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