Affinius Capital announced the closing of a $115 million loan to refinance 162 E. 36th St., a 22-story, class A, multifamily project in New York City’s Murray Hill neighborhood. The 160-unit building will include 3,700 square feet of ground-floor retail space. The loan was made to Ranco Capital and the Gilardian family, and the proceeds will be used to complete the remaining construction and stabilize occupancy.
“162 East 36th Street is a premier asset in Murray Hill that addresses a clear gap for high-quality rental housing in Manhattan,” said Perry Katz, senior vice president at Affinius. “This financing aligns with our strategy of backing multifamily assets in marquee markets with favorable supply and demand dynamics.”
162 E. 36th St. is a luxury apartment building comprising 87 studios, 46 one-bedroom units and 27 two-bedroom units. Each apartment offers premium finishes, and the property will offer an amenity package including a rooftop lounge with Manha
