Affinius Refinances 55 Willoughby With $226M Loan

Affinius Capital provided $226 million in bridge debt to refinance the 43-story Downtown Brooklyn multifamily complex.

Updated on Nov. 3, 2026 in Commercial

Photograph of a tall slender residential tower of pale stone and blue-grey glass rising above a quiet Brooklyn street under overcast daylight. — Affinius Capital provided $226 million in bridge debt to refinance 55 Willoughby, a 43-story Downtown Brooklyn multifamily complex, on a 295-unit property. AI Illustration. Upload story photo >

Affinius Capital provided $226 million in bridge debt to refinance 55 Willoughby, a 43-story multifamily complex in Downtown Brooklyn. The joint venture between Lonicera Partners and Rabina secured the financing for the 295-unit property.

Why it matters

The financing will carry the property through lease-up and stabilization early next year. Brooke Cianfichi of Lonicera Partners described the asset as having an exceptionally strong lease-up to date.

The bridge loan totals $226 million against 295 units, including 10 studios, 256 one-bedrooms and 29 two-bedrooms. The extraction does not disclose the loan's interest rate, term or the property's valuation.

The players

Affinius Capital

Affinius Capital is the financing firm that provided the $226 million bridge debt for the refinancing.

Lonicera Partners

Lonicera Partners is a real estate firm that formed a joint venture with Rabina to own the property.

The details

The 43-story building at 55 Willoughby Street near Willoughby and Jay streets includes 3,200 square feet of ground-floor retail space. Construction began in June 2023, and no broker was listed on the transaction.

June 2023: Construction on the property began.
Early next year: Lease-up and stabilization period expected to conclude.

Market Landscape

Bridge loans like this one let developers of newly built New York apartment towers refinance construction debt while leases fill, before securing permanent financing. The Downtown Brooklyn tower's 295-unit lease-up sits within that pattern of recently delivered rental buildings being carried to stabilization.

Renters considering the 295-unit building will find a mix of 10 studios, 256 one-bedrooms and 29 two-bedrooms, plus ground-floor retail space. The stabilization timeline could affect how quickly the property's leasing and amenity offerings settle.

The takeaway

Bridge financing lets new apartment towers reach stabilization before permanent debt is placed. For renters and investors watching Downtown Brooklyn, the next milestone is the lease-up completing early next year.