Affinius Secures $144M for SoCal Multifamily Construction

The developers behind a 408-unit multifamily project in Southern California have secured construction financing shortly after breaking ground earlier this month. Affinius Capital closed a 144 million loan for the housing project called the Carina in Santa Ana, Calif., according to JLL Capital Markets, which represented the borrower. QuadReal provided the three-year, floating-rate loan.