Bank of America, JLL Provide $276M Refi for SoCal Senior Housing

AI Summary

A Nexus Development affiliate secured $276 million in refinancing for two senior housing communities in Newport Beach, California, totaling 395 units. Bank of America provided $140 million for Vivante Newport Center, and JLL Real Estate Capital provided $136 million for Vivante Newport Mesa.

A Nexus Development affiliate has landed $276 million in refinancing for two senior housing communities with 395 units in Newport Beach, Calif. Property records show that Bank of America provided the $140 million loan for Vivante Newport Center, while JLL Real Estate Capital provided $136 million for Vivante Newport Mesa. JLL Capital Markets arranged and […]