Meridian Capital Group Arranges $52 Million Refinance For West Coast Continuing Care Retirement Community

A continuing care retirement community located on the West Coast was involved in a transaction where Meridian Capital Group arranged a $52,000,000 cash-out refinance. The mixed-acuity campus includes senior housing and skilled nursing, with the sponsor aiming to return capital following an operational turnaround.

Summary of transaction details:

• Property Type: Continuing Care Retirement Community
• Transaction Amount: $52,000,000
• Loan Type: Refinance
• Market: West Coast
• Loan Terms: Five-year loan priced at SOFR + 190

The financing was facilitated by Avi Begun, Amy Heller, and Eric Huet from Meridian Capital Group, who presented the operational turnaround story to a balance sheet lender. They documented the sustained census and NOI growth since the acquisition to support the refinancing process.