Affinius Closes $144M Loan for The Carina

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.