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4/08/26
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Affinius Capital has obtained a $144 mil construction loan for The Carina, a 408-unit multifamily development project in Santa Ana.
Located at 2828 N. Main St, The Carina is strategically positioned adjacent to MainPlace, a prominent mixed-use retail, dining and entertainment destination in the heart of Orange County. The property offers exceptional access to Interstate 5, State Road 55 and State Road 22, providing residents with connectivity to Northern and Southern Orange County, Los Angeles, San Diego and the Inland Empire.
The Carina will rise across nine levels with Type III construction over Type I podium, including one level of below-grade parking. The community will feature a mix of studios, one- and two-bedroom apartments with market-leading amenities including a resort-style swimming pool on an open-air fourth floor deck, outdoor lounge and kitchen, high-end fitness center, yoga and spin studio, resident game room, individual study rooms and offices, dog run and wash and dedicated on-site security. Units will feature high-end stainless-steel appliances, in-unit washers and dryers, quartz countertops, wood plank style flooring and spacious private balconies.
Construction began in April 2026, with first units scheduled to be delivered in May 2028 and final completion expected in October 2028. Property management will be provided by Greystar, which currently manages over 950,000 units globally.
A JLL Capital Market’s Debt Advisory team led by Senior Director Jamie Kline, Director Charlie Vorsheck, Senior Analyst Nick Englhard and Analyst Charlie Paul represented the borrower, Affinius Capital, in securing the three-year, floating-rate loan through QuadReal. National real estate company, Lowe, is managing the development of The Carina.
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