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California  + Orange County  + Finance  | 

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


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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Inside The Story

JLL's Rosenzweig

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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