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

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:

• Property Type: Multifamily
• Transaction Amount: $200,000,000
• Address: 200 Douglass Street
• Market: Gowanus, Brooklyn
• Units: 276
• Lender: Affinius Capital
• Landlord: Midwood Investment & Development
• Brokers: Scott Aiese, Andrew Scandalios, Lauren Kaufman, Steven Rutman & Nicco Lupo - JLL

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.