Affinius Capital originates $98m loan to refinance class A multifamily properties in Astoria, N.Y.

Affinius Capital announced the closing of a $98 million loan to refinance The Northern I and II, two adjacent, class A, multifamily properties in Astoria, N.Y. These highly amenitized buildings comprise 193 units with 4,300 square feet of ground-floor retail space. The loan was made to a New York-based developer, Goose Property Management, and will be used to complete the remaining construction and lease the property to stabilization.

The two buildings include Northern I, a nine-story structure with 64 units, and Northern II, a 10-story building housing 129 units. Both properties offer a mix of studios, one- and two-bedroom apartments. Property amenities include 78 parking spaces below grade, a furnished rooftop deck offering New York City skyline views, a fitness center, a yoga studio, a private theatre, an on-site laundry room and a co-working lounge. The property is close to numerous subway lines and has access to a variety of convenient shopping options, including Trade F