Affinius Extends $81.2 Million Loan to Support Arizona State University Student Housing Development

Summary:

  • Affinius Capital LLC originated an $81.2 million loan to finance The Samuel, a 14-story, 224-unit student housing development adjacent to Arizona State University’s Tempe campus, led by Fields Holdings and Eran Fields.
  • The Samuel, scheduled for completion in Fall 2027, will offer 408 beds with premium finishes and extensive amenities, positioning it as a high-quality asset in the Tempe student housing market.
  • The financing was arranged by Scott Williams of CBRE, supporting Affinius Capital’s strategy to back proven sponsors developing student housing near major universities with strong enrollment growth.

Original article:

https://www.citybiz.co/article/785170/affinius-provides-81-2-million-loan-for-development-of-student-housing-at-arizona-state-university/

- Advertisement -

Subscribe to news alerts