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Affinius Supplies $80M Loan to Refi Downtown Brooklyn Multifamily
Affinius Capital LLC closed an $80-million loan to refinance 570 Fulton, a Class A, 163-unit, 23-story multifamily project with 3,900 square feet of ground-floor retail in Downtown Brooklyn. The loan was made to New York-based developer Goose Property Management and will be used to complete the remaining construction and lease the property to stabilization. Henry Bodek of Galaxy Capital arranged the financing.
Perry Katz, Affinius Capital SVP, said, “We’re proud to have closed 570 Fulton, a distinguished multifamily development in Downtown Brooklyn, as our fourth deal with Goose Property Management, a best-in-class local developer. This valued partnership reflects our continued conviction in premier multifamily properties.”
570 Fulton is a luxury apartment building with premium finishes. It offers 53 studio, 91 one-bedroom, and 19 two-bedroom units. Building amenities will include a furnished rooftop, a gym, a business center, a lounge, a children’s playroom, a game room, a 24-hour doorman and a package room.
- ◦Financing
