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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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Inside The Story

Affinius Capital's Katz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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