**Gowanus Residential Development Secures $340 Million Refinance**
Affinius Capital LLC has closed a $340 million loan to refinance 313 Bond, a Class A, 603-unit, two-building multifamily development located in Brooklyn’s Gowanus neighborhood. The development also includes 51,600 square feet of retail space. The loan was provided to New York-based developer Sky Equity Group and will be used to complete the remaining construction and help stabilize the property. The financing was arranged by Henry Bodek of Galaxy Capital.
“313 Bond represents a defining development in Gowanus, setting a new standard through best-in-class design, amenities, and location,” said Perry Katz, Senior Vice President at Affinius Capital. “We’re grateful to have closed this deal with Sky Equity Group and look forward to collaborating on many more projects ahead.”
The Gowanus neighborhood has seen an uptick in residential development activity following a rezoning initiative spearheaded by former Mayor Bill de Blasio in late 2021. The rezoning has spurred both new construction and the sale of development parcels. Earlier this year, the first mixed-income development under the new zoning rules, 420 Carroll, welcomed its first residents.
