Affinius Capital has originated a $160 million senior construction loan alongside Kennedy Wilson to finance 340 Nevins St., a 320-unit luxury multifamily project in Brooklyn’s Gowanus neighborhood.
The project is under development by a joint venture between Tavros Holdings and Charney Cos. The loan will facilitate the construction of the 22-story multifamily property, which has set aside 25 percent of its units for affordable housing and will also offer 29,000 square feet of ground-floor retail space.
The 320 units will be split between studios, one-bedrooms, two-bedrooms and three-bedrooms, with best-in-class amenities including a fitness center, co-working spaces, a wellness spa, a swimming pool, indoor and outdoor lounges and a rooftop terrace with expansive views of Manhattan. Residents will also have access to amenities at other nearby projects developed by Tavros and Charney.
Thomas Whitesell, HEAD of the Debt Investment Group at Kennedy Wilson, said, â€
