A joint venture between Lonicera Partners and Rabina has secured 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 in Downtown Brooklyn. Affinius Capital originated the loan.
The property is a luxury apartment building comprising 10 studios, 256 one-bedrooms and 29 two-bedrooms, each with premium finishes. The property features a rooftop terrace with Manhattan skyline and water views, a full-service fitness center, co-working spaces, lounge areas, game and media rooms, and bike storage.
The property, at 55 Willoughby St. on the border of Downtown Brooklyn and Brooklyn Heights, offers access to the Jay Street–MetroTech transit hub, major employment hubs and entertainment venues, while providing a more affordable alternative to Midtown Manhattan. Nearby attractions include MetroTech Center, Cadman Plaza Park and Fulton Mall, home to a range of ret
