Affinius Capital and Axonic Capital form strategic partnership

Manhattan, NY Affinius Capital LLC and Axonic Capital LLC have formed a strategic partnership, which will expand on the firms’ existing collaboration and complementary strengths. By leveraging Axonic’s advisory and investment capabilities and Affinius’ network and sourcing capabilities in the construction industry, they will deliver mid-market first mortgage financing for new development projects, funded through Axonic’s insurance platform.

“Axonic’s expertise in developing agile financing structures is a natural match with Affinius’ strong presence in construction lending,” said Axonic co-chief investment officer Matt Weinstein. “We’re able to deliver creative, flexible financing solutions to an area of the middle market that is showing strong signs of opportunity, and we look forward to scaling this platform together.”

“We have been seeking the right partner to help fill what we perceive to be a gap in the market for construction loans in the middle market space,” said Affinius senior managing director/head of lending Michael Lavipour. “Combining our construction lending infrastructure and sourcing capabilities, which we have spent the last decade plus building, with Axonic’s flexible insurance capital, we create a powerful partnership that positions us to be extremely active in this space going forward.”

Affinius and Axonic closed their inaugural deal in the partnership, a $47.8 million loan to finance the ground-up development of a 217,000 s/f Class A industrial and self-storage property in Quogue.