Affinius Capital has provided an $81.2m (€69m) loan to Fields Holdings for the development of a US student housing project.
The loan will be used to finance the ground-up development of The Samuel, a 14-storey, student housing property located adjacent to Arizona State University’s campus in Tempe.
The Samuel is a mixed-use development featuring 224 units and 8,200sqft of commercial space. The project is scheduled for completion in autumn 2027.
Tyler Figley, Affinius Capital SVP, said: “This development aligns with our strategy of backing high-quality student housing with proven sponsors near major universities. The Samuel’s prime location adjacent to the campus positions it to capture demand driven by Arizona State University’s enrollment growth.”
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