Atria Senior Living Secures $52M Refi for Newport Beach Facility

August 15, 2024September 4, 2024

JLL Capital Markets arranged a $52-million refinancing for Atria Newport Beach, a 168-unit senior living community located in Newport Beach. Senior managing director Aaron Rosenzweig and director Dan Baker represented the borrower, a partnership between a national REIT and Atria Senior Living.

MidCap Financial, a commercial finance company focused on middle market transactions, provided the floating-rate first mortgage loan.

Atria Newport Beach is located at 393 Hospital Rd. near Newport Boulevard and in proximity to Hoag Hospital. The Class A property was built in two phases with the North Building fully renovated in 2023, while the South Building was purpose-built and opened in 2021. The three-story buildings are home to independent living, assisted living, and memory care units offered in studio, one- and two-bedroom layouts.

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