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

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FINANCED
$46,000,000

New York

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MultiFamily
Financed 09/30/2025
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Property Image
FINANCED

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

237 Mcguinness Boulevard

See Similar Deals
MultiFamily
Financed 09/30/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Henry Bodek
69 deals$12.3B volume
BROKER

Galaxy Capital
BROKERAGE


Details

FINANCED
IMAGE: Perry Katz DATE: 09/30/2025 ADDRESS: 237 Mcguinness Boulevard MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 70 LENDER: Perry Katz - Affinius Capital LANDLORD: Jay Group BROKER: Henry Bodek (@Henry_Bodek) - Galaxy Capital LOAN AMOUNT: $46,000,000 LOAN TYPE: Refinance NOTE: The Jay Group secured a $46 million loan from Affinius Capital to refinance its 70-unit Dome multifamily project in Greenpoint, Brooklyn, which includes 21 affordable units and 6,200 square feet of ground-floor retail.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,000,000.00

Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00