Jay Group Secures $46 Million Refinance Loan From Affinius Capital For Greenpoint Multifamily Project

The Jay Group has engaged in a refinancing transaction for its multifamily asset located at 237 Mcguinness Boulevard in Greenpoint, Brooklyn. This property consists of 70 rental units, which includes 21 affordable units and approximately 6,200 square feet designated for ground-floor retail space. The total loan amount secured for this refinance is $46 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Lender: Perry Katz - Affinius Capital
• Landlord: Jay Group
• Broker: Henry Bodek - Galaxy Capital

This transaction was facilitated by Perry Katz from Affinius Capital who provided the refinancing. The involvement of Henry Bodek from Galaxy Capital as the broker highlights the key partnerships that supported the deal's execution. The refinancing aids in the continued operation and management of the property by the Jay Group.