Affinius Capital Provides $75 Million to Refinance Multifamily Asset in Dania Beach, FL
Summary
Affinius Capital LLC announced the closing of a $75 million loan to refinance Soleste SeaSide, a 340-unit multifamily asset in Dania Beach, FL. Community amenities include parking, a health club with a yoga/spin room, and a swimming pool with poolside cabanas and daybeds.The property benefits from access to downtown Fort Lauderdale, Port Everglades, and Fort Lauderdale-Hollywood International Airport. Residents also enjoy convenient access to Hollywood and the Hollywood Beach Boardwalk.Affinius Capital Managing Director and Head of Debt Origination Eric Cohen commented, We are thrilled to partner with The Estate Companies to refinance Soleste SeaSide. We believe the assets location proximate to downtown Fort Lauderdale and Dania Pointe will continue to be a meaningful demand driver for continued strong performance at the property.The financing was arranged by Jonathan Schwartz, Adam Schwartz and Tom Melody of Walker Dunlops New York and Houston offices.A photo of Soleste Seaside can be found here and credited to RKW Residential.Affinius Capital\xae (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $64 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally.