Summary:
- Affinius Capital LLC originated a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II, a 484-unit, 1,395-bed Class A student housing project near the University of Central Florida in Orlando, led by Beachwold Residential under Gideon Friedman.
- The project will deliver in two phases: Phase I with 284 units and 809 beds by the 2028/2029 academic year, and Phase II with 200 units and 586 beds by 2029/2030, featuring extensive parking and a 16,000-square-foot clubhouse with premium amenities.
- The development includes a range of lifestyle and study-focused amenities such as pools, fitness and wellness facilities, social lounges, and shuttle service to UCF, positioning it to meet growing demand for purpose-built student housing in a key university market.
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