Affinius Lends $300M to Refinance Downtown Brooklyn Apartments
Affinius Capital LLC closed on a $300-million loan to refinance 102 Fleet, a Class A, 495-unit, 30-story multifamily project with 3,700 square feet of ground-floor retail space located in Brooklyn. The loan was made to The Jay Group and proceeds will be utilized to complete the remaining construction and lease the property to stabilization.
“102 Fleet, with premier amenities, an ideal Downtown Brooklyn location, and proven sponsorship, exemplifies the high-quality multifamily assets we actively seek to finance,” said Affinius SVP Perry Katz. “Closing this fourth transaction with The Jay Group reflects the trust and execution that define our strong partnership.”
The financing was arranged by Henry Bodek of Galaxy Capital. Located at 102 Fleet Pl. in Downtown Brooklyn, the location offers convenient access to transit, major employment hubs and entertainment, according to Affinius. Nearby attractions include Barclays Center, Fort Greene Park and Fulton Mall, home to a range of retailers, restaurants and grocers.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout