NEW YORK CITY — Locally based developer Mordechai Pillar, owner of One Nine Rockwell in Brooklyn’s Fort Greene neighborhood, has obtained a $90 million refinancing loan. Affinius Capital was the lender. David Bollag of Meridian Capital Group arranged the financing. The proceeds of the loan will be used to complete lease-up and stabilization at One Nine Rockwell, a 27-story, 174-unit property with 1,200 square feet of ground-floor retail. The luxury building is comprised of 35 studios, 103 one-bedrooms and 36 two-bedrooms. The sky lounge on the 27th floor offers a sundeck and viewing area. Amenities include a doorman, a tenant lounge, a library, coworking spaces, a fitness center with a yoga studio and a pet spa as well as bike and storage facilities.
One Nine Rockwell, a project in Brooklyn, N.Y., that has been recently completed, contains 174 units and 1,200 square feet of retail space. The asset has been refinanced via a loan provided by Affinius Capital. The proceeds will be used to complete lease-up and stabilization of the property. (Image courtesy of Mordechai Piller)
Affinius Capital Originates $90 Million Loan for Luxury Brooklyn Property
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