 |
| Ari Adlerstein |
New York, NY – Meridian
Capital Group, America’s most active debt broker, arranged $23.9 million in
construction financing for the development of a senior housing community
located in Delray Beach, FL.
The five-year loan,
provided by a regional balance sheet lender, features a floating rate of 3.25%
over the 30-day LIBOR rate and three years of interest-only payments.
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.
The community is planned
to be a three-story, 118-unit senior housing development, located in Delray
Beach. Some of the property features will include an on-site restaurant, bar
and café, a hair and nail salon, a surround sound theater, a fitness center and
Tai Chi studio.
Future residents of the
community will enjoy close proximity to the Interstate 95 highway and Swinton
Avenue. The property is a 15-minute drive from Delray Beach and East Atlantic
Avenue, which offers visitors a variety of cafes, art galleries, boutiques and
restaurants.
 |
| Ari Dobkin |
Delray Beach has a
settled community and is a high-demand area for retirees, as it offers top
medical facilities an
d has a long-standing reputation for its golf and tennis
clubs,” said Mr. Adlerstein. “We leveraged our strong relationship with a
regional lender to successfully fund this exceptional project, which will have
all the property and community amenities a senior resident could wish for,” he
added.
Founded in 1991, Meridian
Capital Group is America’s most active debt broker and one of the nation’s
leading commercial real estate finance advisory firms. In 2016, Meridian closed
$35 billion in transaction volume.
Since inception, the
company has closed more than $270 billion in financing with the full complement
of capital providers, encompassing local, regional and national banks, CMBS
lenders, agency lenders, mortgage REITs, life insurance companies, credit
unions and private equity funds.
Meridian arranges
financing for many of the world’s leading real estate investors and developers
and the company’s expansive platform has specialized practices for a broad
array of property types including office, retail, multifamily, hotel,
mixed-use, industrial, healthcare, student housing and self-storage properties.
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
No comments:
Post a Comment