Sky Equity Group insured a loan of $ 340 million from Affinius Capital to refinance the remaining construction on a rental complex with several families in Gowanus.
With the loan, the builders can finish the construction and the 603 unit, mixed user complex at 313 Bond ST, leasing, Commercial observer Reported for the first time. Conditions of the refinancing were not announced.
Sky Equity is reportedly affiliated with the Rabsky Group of Simon Duchinsky; The loan for the project replaces the existing $ 286 million construction loan from Rabsky that G4 Capital provided last year. G4 also provided a pre-development loan of $ 92 million in 2022. Rabsky bought the site for $ 95 million from Yoel Goldman in 2019.
Henry Bodek from Galaxy Capital arranged the financing.
Rabsky is one of the largest developers in Brooklyn and has recently been expanded to Florida with approvals for three buildings in Fort Lauderdale.
Two weeks ago, Affinius refinanced a $ 280 million loan on one of the most prominent film studios from New York City, Silvercup Studios, together with Hackman Capital Partners. The investment also offered a construction loan of $ 92 million for an apartment building in Fort Lauderdale in June and announced a preferred investment of $ 54.7 million in May in a development of several families in Los Angeles.
Steps of the Gowanus channel include 313 Bond Two buildings with 149 studios, 313 one bedrooms and 141 two bedrooms, with more than 50% of the units with private terraces. It also houses 51,600 square foot retail space on the ground floor.
The luxury development is one of the many that used a re -use in 2021 in Gowanus, who opened the door for 8,500 new homes.
“313 Bond represents a determining development in Gowanus, which sets up a new standard by means of best-in-class design, facilities and location,” said Affinius Capital Senior Vice President Perry Katz. “We are grateful that we have closed this deal with Sky Equity Group and look forward to working on many more projects.”
– Quinn Waller
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