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Affinius Closes $144M Loan for The Carina

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ConstructionCaliforniaOther

Deal Overview

Affinius Capital has secured $144 million in construction financing for The Carina, a 408-unit multifamily project in Santa Ana, California. Work started earlier this month, and the project is rising across nine levels at 2828 North Main Street.

The loan is a three-year, floating-rate facility provided by QuadReal. The financing supports construction scheduled for completion in October 2028, with studios plus one- and two-bedroom apartments planned.

JLL Capital Markets represented the borrower in the transaction.

Key Details

Transaction
Affinius Capital acquires The Carina
Deal Size
Over $100M
Reported Value
$144 million

Filed under

Source

Read full article on commercialobserver.com

via Commercial Observer — All · April 7, 2026

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