Jay Group scores $300M refi for DoBro project
“Fleet” Week came early for the Jay Group’s sizable Downtown Brooklyn development. Jacob Kohn’s firm landed $300 million to refinance its project at 102 Fleet Place, according to the Commercial Observer. Affinius Capital provided the debt, which will go towards completing construction and stabilizing the property through lease-up. Galaxy Capital’s Henry Bodek arranged the transaction, which was first reported by The Promote. The 495-unit luxury multifamily development is within shouting distance of several notable spots in the neighborhood, including the Barclays Center and the Fulton Mall. The project will rise 30 stories and include 3,700 square feet of retail space […]
This article originally appeared on The Real Deal. Click here to read the full story.
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