Affinius Capital announced that it has originated a $176.6 million construction loan to finance the ground-up development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, class A, 484-unit, 1,395-bed student housing property with 1,301 parking spaces will be located at the University of Central Florida (UCF) in Orlando. The loan was made to Beachwold Residential.
Tyler Figley, senior vice president at Affinius Capital said: “This development aligns with our strategy of financing high-quality student housing with top-tier sponsorship at leading universities. The project’s location proximate to campus makes this a compelling opportunity to deliver highly amenitized, purpose-built student housing that will capitalize on the continued growth of the University of Central Florida. We look forward to partnering with Beachwold on this project.”
Phase I will offer a 284-unit, 809-bed, two-building, four-story property with 767 parking spac
