**Affinius Capital Closes $115M Loan to Complete Murray Hill Multifamily Project**
Affinius Capital LLC has finalized a $115 million loan to refinance and complete the development of a 22-story, Class A multifamily property at 162 East 36th Street in Manhattan’s Murray Hill neighborhood. The financing, provided to Ranco Capital and the Gilardian Family, will be used to finish construction and stabilize occupancy at the high-rise development. Henry Bodek of Galaxy Capital arranged the financing.
Perry Katz, Senior Vice President at Affinius, commented on the deal, stating, “162 E. 36th St. is a premier asset in Murray Hill that addresses a clear gap for high-quality rental housing in Manhattan. This financing aligns with our strategy of backing multifamily assets in marquee markets with favorable supply and demand dynamics.”
Once complete, the luxury apartment building will feature 87 studios, 46 one-bedroom units, and 27 two-bedroom apartments. It will also include 3,700 square feet of ground-floor retail space. Located in the heart of Murray Hill, the property offers convenient access to Midtown Manhattan’s employment centers, Grand Central Terminal, entertainment venues, and numerous local amenities.
