**Affinius Capital Originates $140.7 Million Construction Loan for The Piazza at Ardmore Multifamily Development**
Affinius Capital has originated a $140.7 million construction loan to support the development of The Piazza at Ardmore, a five-story mixed-use property located in Ardmore, Pennsylvania.
The project, set along Philadelphia’s prestigious Main Line corridor, will include 270 residential units complemented by 30,000 square feet of ground-floor retail space. In addition, the development will offer 478 on-site parking spaces to serve both residents and retail visitors.
The financing structure consists of a $112.6 million senior secured loan provided by Bank OZK and a $28.1 million mezzanine loan from Affinius Capital. The loan was issued to Piazza at Ardmore LLC, an entity affiliated with the Piazza Auto Group. Development and construction oversight will be led by Radnor Property Group, under the leadership of Dave Yeager.
The financing arrangement was facilitated by Nick Seidenberg of Eastdil Secured.
“The Piazza at Ardmore’s superior positioning, strong demographics, and comprehensive amenities make it a compelling investment aligned with our strategy of backing institutional-quality multifamily assets with top-tier sponsorship,” said Perry Katz, Senior Vice President at Affinius Capital.
