Meridian Capital Group arranges for SNF loan
Meridian Capital Group arranged for $135.5 million in loans for Continuum Healthcare to refinance a six-property portfolio of skilled nursing facilities in New Jersey and Pennsylvania.
The bridge-to-HUD loans include six months of interest-only payments. The SNFs are the Wanaque Center for Nursing and Rehab, Haskell, NJ; Galloway Nursing and Rehab, Galloway, NJ; Barnegat Rehab and Nursing, Barnegat, NJ; The Health Center at Bloomingdale, Bloomingdale, NJ; Majestic Oak Nursing Home and Rehab, Warminster, PA; and Highland Manor Rehab and Nursing, Exeter, PA.
Continuum Healthcare and its affiliates own and operate skilled nursing facilities and pediatric day care centers.