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Gowanus Residential Development Nabs $340M Refinance
Affinius Capital LLC closed on a $340-million loan to refinance 313 Bond, a Class A, 603-unit, two-building multifamily project with 51,600 square feet of retail space located in Brooklyn’s Gowanus neighborhood. The loan to New York-based developer Sky Equity Group will be used to complete the remaining construction and to stabilize the property. Henry Bodek of Galaxy Capital arranged the financing.
“313 Bond represents a defining development in Gowanus, setting a new standard through best-in-class design, amenities, and location,” said Affinius SVP Perry Katz. “We’re grateful to have closed this deal with Sky Equity Group and look forward to collaborating on many more projects ahead.”
The rezoning of Gowanus under then-Mayor Bill de Blasio in the fall of 2021 has given rise to a number of residential development projects along with sales of development parcels. Earlier this year, the first mixed-income development under the rezoning, 420 Carroll, began move-ins.
- ◦Development
- ◦Financing
