Affinius Capital LLC and Axonic Capital LLC have announced an expanded partnership to provide first mortgage financing for mid-market development projects, combining Affinius’ sourcing capabilities in construction lending with Axonic’s investment and advisory expertise. The loans will be 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 Matt Weinstein, co-CIO of Axonic Capital. “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.” 

Affinius senior managing director and head of lending Michael Lavipour added, “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.” 

The firms noted that demand for mid-market construction financing remains particularly strong across multifamily, industrial, and self-storage sectors. Earlier this week, Affinius and Axonic closed their first deal under the new partnership: a $47.8 million loan to finance the development of a 217,000-square-foot Class A industrial and self-storage property in Quogue, NY. 

Affinius manages $62 billion in assets as an integrated institutional real estate investment manager, while New York-based Axonic oversees $6.5 billion in assets, with a strong focus on commercial real estate debt and equity, particularly within multifamily. 

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