Affinius Capital has originated a $226 million loan to refinance 55 Willoughby (marketed as House 55), a class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail space located in downtown Brooklyn, N.Y. The loan was made to a joint venture between Lonicera Partners and Rabina, and proceeds will bridge the property to stabilization in early 2027.
Affinius Capital executive director Perry Katz commented, “55 Willoughby offers what we look for in an investment: a high-quality asset in a supply-constrained submarket, backed by sponsors with a proven record. This financing gives Lonicera and Rabina the flexibility to complete lease-up and execute their business plan as the property moves toward stabilization.”
“We’re excited to partner with Affinius Capital on this financing, together with our long-standing partner Rabina. House 55 has proven to be perfectly positioned to cater to the downtown Brooklyn community, with exceptiona
