Daily limit: 0/10
Affinius Capital Secures $144 Million Construction Loan From QuadReal For 408-Unit Multifamily Development
FINANCED
$144,000,000
+ 2
California
See Similar DealsMultiFamily
Financed 04/08/2026
FINANCED
Affinius Capital Secures $144 Million Construction Loan From QuadReal For 408-Unit Multifamily Development
2828 North Main Street
See Similar DealsMultiFamily
Financed 04/08/2026
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
The Carina is a multifamily development situated at 2828 North Main Street in Santa Ana, featuring 408 units across nine stories. The project is under construction, with a loan amount of $144 million provided for its development, scheduled for full completion by October 2028. Greystar is overseeing the construction management of the project.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $144,000,000
- Lender: QuadReal
- Landlord: Len O'Donnell - Affinius Capital
- Brokers: Jamie Kline, Charlie Vorsheck, Nick Englhard & Charlie Paul - JLL
- Loan Type: Construction
- Loan Terms: three-year, floating-rate
- Location: Santa Ana
- Units: 408
JLL Capital Markets facilitated the loan arrangements on behalf of Affinius Capital. The development is strategically located adjacent to MainPlace, enhancing its accessibility to potential residents and services in the area.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$144,000,000.00
Monthly NOI$960,000.00
Monthly Debt Service$910,177.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions