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Jay Group Secures $300 Million Bridge Loan From Len O'Donnell Of Affinius Capital In Brooklyn
New York
See Similar DealsDevelopment Site
Leased 03/20/2026
Jay Group Secures $300 Million Bridge Loan From Len O'Donnell Of Affinius Capital In Brooklyn
277 Flatbush Avenue, 163 Willoughby Street & 102 Fleet Place
See Similar DealsDevelopment Site
Leased 03/20/2026
Summary
NEW YORK
Asset Type:Development Site
The asset involved in this transaction is a development site located at 102 Fleet Place in Brooklyn. The property is associated with a substantial loan amount of $300 million, indicating significant investment and confidence in the site's development potential.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $300,000,000
- Lender: Len O'Donnell - Affinius Capital
- Landlord: Jay Group
- Broker: Galaxy Capital
- Loan Type: Bridge Loan
- Date of Transaction: 03/20/2026
This transaction involves key players such as Len O'Donnell representing Affinius Capital, who provided the bridge loan to Jay Group, the landlord. Galaxy Capital acted as the broker facilitating this refinancing deal, which is secured by five development parcels in Downtown Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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