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Affinius Loan Will Finance Completion of Murray Hill Apartments

Affinius Capital LLC closed on a $115-million loan to refinance 162 E. 36th St., a 22-story, Class A multifamily project in Manhattan’s Murray Hill neighborhood. The loan was made to Ranco Capital and the Gilardian Family, and the proceeds will be used to complete the remaining construction and stabilize occupancy. The financing was arranged by Henry Bodek of Galaxy Capital.

Perry Katz, SVP of Affinius, said, “162 E. 36th St. is a premier asset in Murray Hill that addresses a clear gap for high-quality rental housing in Manhattan. This financing aligns with our strategy of backing multifamily assets in marquee markets with favorable supply and demand dynamics.”

162 E. 36th St. is a luxury apartment building comprising 87 studios, 46 one-bedrooms and 27 two-bedrooms. It will include 3,700 square feet of ground-floor retail. The property’s Murray Hill location offers access to Midtown’s employment hub, Grand Central Terminal, entertainment options and various neighborhood amenities.

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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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