Affinius Capital originates $110 million loan for the acquisition of The Quaye at Palm Beach Gardens

Palm Beach Gardens, FL Affinius Capital LLC closed a $110 million loan to finance the acquisition of The Quaye at Palm Beach Gardens. Located in one of South Florida’s most desirable markets, the premier Class A multifamily property features 340 units and 798 parking spaces. The loan was made to The Dermot Company.

Eric Cohen, co-head of debt originations at Affinius Capital commented, “Palm Beach County’s strong fundamentals and sustained growth trajectory made this a compelling opportunity. The market has demonstrated consistent demand drivers such as population growth, strong employment, and an expanding high-income renter base that support this asset’s long-term performance. The Dermot Company is an established Affinius partner with deep expertise and we look forward to building on our existing relationship with this transaction.”

The Quaye features 340 multifamily units, 70% of which are townhomes with direct-access garages. Residences are finished to premium standards offering granite countertops, oversized windows, private screened patios or balconies, in-unit washer/dryers, and walk-in closets. Community amenities include a resort-style pool with cabanas, a fitness center, yoga studio, resident clubhouse, indoor multi-purpose sports court, co-working lounge, library, pet-washing station, bike storage, and EV charging stations.

The financing was arranged by Aaron Appel, Dustin Stolly, and Michael Ianno of Walker & Dunlop.