X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

REDDING, CA-Meecorp Capital Markets of Fort Lee, NJ, has provided a three-year, $75 million mezzanine/equity revolving line of credit to locally based Asset Real Estate & Investment Co. The company will reportedly use the funding to support its ongoing investment, marketing, development and real estate management.

“This facility will assist us in pursuing additional properties,” says AREI chief executive Peary Wood. “It will enhance our position of strength in this effort.”

AREI focuses primarily on senior housing facilities. Meecorp is a privately held commercial real estate lender and investment bank that specializes in value-added properties.

“We’ve worked with AREI a number of times,” says Meecorp director Daniel Edrei. “AREI requested the revolving line of credit to augment its existing credit lines with Capital Source Corp., and others, to provide senior debt.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.