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Midwood Investment & Development Secures $200M Construction Loan From Affinius Capital In Gowanus Brooklyn

Property Image
FINANCED
$200,000,000
Lauren Kaufman
Scott Aiese
+ 2

New York

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MultiFamily
Financed 12/10/2025
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Property Image
FINANCED

Midwood Investment & Development Secures $200M Construction Loan From Affinius Capital In Gowanus Brooklyn

200 Douglass Street

See Similar Deals
MultiFamily
Financed 12/10/2025
Lauren Kaufman
Scott Aiese
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is a multifamily asset located at 200 Douglass Street in Gowanus, Brooklyn, comprising a total of 276 units. The loan amount for the construction financing is $200,000,000, facilitated by the lender Affinius Capital, on behalf of the landlord, Midwood Investment & Development.

Summary of transaction details:

The deal involved notable individuals such as Scott Aiese, Andrew Scandalios, Lauren Kaufman, Steven Rutman, and Nicco Lupo, representing the brokering team from JLL. These brokers played a crucial role in facilitating this significant loan transaction within the multifamily sector.

Players

Andrew Scandalios
68 deals$12B volume(212) 632-1821
BROKER

Lauren Kaufman
JLL
35 deals$5.4B volume(312) 470-1800
BROKER

Scott Aiese
JLL
30 deals$2.7B volume
BROKER

Steven Rutman
JLL
66 deals$8.8B volume
BROKER

Nicco Lupo
JLL
47 deals$9B volume
BROKER

Affinius Capital
LENDER

Details

FINANCED
IMAGE: Andrew Scandalios, Steven Rutman, Scott Aiese, Nicco Lupo & Lauren Kaufman DATE: 12/10/2025 ADDRESS: 200 Douglass Street MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 276 LENDER: Affinius Capital (@AffiniusCapital) LANDLORD: Midwood Investment & Development BROKERS: Scott Aiese, Andrew Scandalios, Lauren Kaufman, Steven Rutman & Nicco Lupo - JLL (@JLL) LOAN AMOUNT: $200,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00