SANTA ANA, CALIF. — Affinius Capital has landed a $144 million construction loan to build The Carina in Santa Ana. JLL’s Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul arranged the financing through lender QuadReal. Los Angeles-based developer Lowe is leading the project, which is underway with a completion date slated for the fourth quarter of 2028.
The community is situated in MainPlace, which is an enclosed regional mall in Santa Ana that is being redeveloped into a mixed-use project with new housing, dining and retail elements. The project is owned by Affinius. Centennial is a part owner and manages the property.
The Carina, located at 2828 N. MainPlace Drive, includes 408 studios, one- and two-bedroom units and such amenities as a resort-style pool, an open-air fourth-floor deck, outdoor lounge and kitchen, a fitness center and coworking space. Greystar will manage the property.