Affinius Capital Provides $110M Construction Loan For 193-Unit Multifamily In Gowanus Brooklyn

Affinius Capital has provided $110 million in financing for the development of a 193-unit apartment property located at 204 Fourth Avenue in Gowanus, Brooklyn. The property is being developed by Gindi Capital and Avery Hall Investments, and will feature a rooftop lounge, coworking space, fitness center, children's playroom, swimming pool, and 14,000 square feet of retail space.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Units: 193
• Address: 204 Fourth Avenue, Gowanus

The loan for this construction project was provided by Affinius Capital. JLL Capital Markets served as the broker in this transaction.