Fields Holdings has secured an $81.2 million construction loan to fund the ground-up development of The Samuel, a 14-story student housing and mixed-use property adjacent to the Arizona State University (ASU) campus in Tempe. The loan was originated by Affinius Capital.
The Samuel is slated for completion in Fall 2027 and will include 224 residential units totaling 408 beds in studio, one-, two-, and three-bedroom layouts. The development will also feature 8,200 square feet of commercial space.
Designed to cater to student needs, The Samuel will offer a wide range of on-site amenities, including a swimming pool, basketball court, sports lounge, courtyard, fitness center, multiple lounges, and media rooms. Its prime location will provide residents with convenient access to ASU campus life as well as the vibrant downtown Tempe area.
The financing was arranged by Scott Williams of CBRE.
