Affinius Capital Originates $79 Million Construction Loan for Luxury Multifamily Building at 288 East 88th Steet in New York, NY
Summary
Slated for completion in late 2026, the Class A development will feature multi-floor amenities including a fitness center, multipurpose sport court, childrens playroom, media/gaming room, coworking/conference space, and a landscaped roof terrace.Situated on the southwest corner of 88th Street and 2nd Avenue, most units in the light filled building will provide views of the New York City skyline. The projects carefully curated amenity offerings and premium finishes position it to capture sophisticated renters seeking an elevated living experience in this coveted neighborhood.Walker & Dunlops New York Capital Markets team led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Mo Beler, and Sean Bastian represented Alchemy-ABR Investment Partners in the transaction.Affinius Capital\xae (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $64 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.