Nexus Development Lands $276MM Refinancing for 395-Unit Vivante Senior Communities in Newport Beach and Costa Mesa

Nexus Development has locked in $276 million in new debt across its two Orange County Vivante communities, with the Newport Center property alone drawing about $1.4 million per unit, which puts a lender's valuation on the ultra-luxury end of senior housing at a time when occupancy is climbing and almost no new supply is coming.