Affinius Capital LLC closed on a $50-million loan to refinance The Roya, a 157-unit multifamily property with 10,000 square feet of retail space located in Los Angeles’ Koreatown neighborhood.
“We value our continuing relationship with Jamison through this new collaboration in Koreatown,” said Affinius managing director Tom Burns. “The Roya is poised to benefit from the neighborhood’s key demand drivers including walkability, retail offerings and central location within greater Los Angeles. The property has already been well received by the market, and we expect it to continue to perform.”
Completed in September 2023, The Roya is a six-story property at 760 S. Serrano Avenue replaced a surface parking lot. It provides secured on-site parking and access to Los Angeles’ major employment centers via the L.A. Metro, Wilshire Boulevard, and the 10, 110 and 101 freeways.
USAA Real Estate and Square Mile Capital are now Affinius Capital. You may not yet recognize our new name, but you certainly know our firms and our people. We are the same committed partners, advisors, investors, and stewards we have always been. We move forward with the same people, the same culture, and the same investment philosophy and, as we turn toward the future, we pay homage to our heritage and carry forward the sense of purpose and service instilled in us by USAA, as we continue to serve our diversified client base.
