Sioni Group JV Lands $275M for Manhattan Luxury Development; Affinius Capital and InterVest Capital Partners provided the financing

4/9/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Affordable, MF: Market Rate

• Tag: Closing | JV-Partnership | New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Senior Loan, Capital Markets: Mezzanine, MF: Highrise

• Company: Affinius Capital, InterVest Capital Partners, Kennedy Wilson

Sioni Group, in a joint venture with AB & Sons, has obtained a $275 million financing package for the development of Milano Residences, a 311-unit luxury residential project in Manhattan’s Midtown South neighborhood. Galaxy Capital Partner Henry Bodek arranged the deal.

Affinius Capital provided $215 million, while the rest of the sum came from a junior mezzanine loan issued by InterVest Capital Partners. Project financing also includes a senior loan originated by Kennedy Wilson. The developer also obtained a $47 million construction loan from Valley National Bank in 2023, according to Yardi Matrix information.