ASU Student Housing Developer Closes on $81.2M Financing

Fields Holdings obtained a construction loan in the amount of $81.2 million loan to finance the ground-up development of The Samuel, a 14-story, student housing property. The mixed-use development with 224 units and 8,200 square feet of commercial space will be adjacent to Arizona State University’s campus in Tempe. Affinius Capital originated the loan. 

Scheduled for delivery in Fall 2027, The Samuel will feature 408 beds in studio, one-, two-, and three-bedroom configurations. The property will offer a range of amenities, including a swimming pool, basketball court, sports lounge, courtyard, fitness center, multiple lounges, and media spaces. The Samuel’s location will offer residents access to both Arizona State University campus life and downtown Tempe.

The financing was arranged by Scott Williams of CBRE.

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