**Affinius Capital Closes $80M Loan for Downtown Brooklyn Multifamily Project**
Affinius Capital LLC has finalized an $80 million loan to refinance 570 Fulton, a Class A, 23-story multifamily development located in the heart of Downtown Brooklyn. The newly financed property comprises 163 residential units and 3,900 square feet of ground-floor retail space. The funds will support final construction efforts and leasing activity towards full stabilization.
The loan was extended to Goose Property Management, a New York-based developer. Financing was arranged by Henry Bodek of Galaxy Capital.
Perry Katz, Senior Vice President at Affinius Capital, emphasized the significance of the partnership, stating, “We’re proud to have closed 570 Fulton, a distinguished multifamily development in Downtown Brooklyn, as our fourth deal with Goose Property Management, a best-in-class local developer. This valued partnership reflects our continued conviction in premier multifamily properties.”
570 Fulton is positioned as a luxury rental property, featuring upscale finishes and modern amenities. The unit mix includes 53 studios, 91 one-bedroom units, and 19 two-bedroom units. Residents will have access to a range of lifestyle amenities such as a furnished rooftop terrace, a fitness center, business lounge, resident lounge, children’s playroom, game room, a 24-hour doorman, and a secure package room.
The project further reflects the ongoing trend of high-quality residential developments in Brooklyn’s growing downtown corridor.
