IPG: Innovo Property Group and Affinius Capital Close $334 Million Recapitalization of 2505 Bruckner Blvd

Innovo Property Group (IPG) today with Affinius Capital LLC ("Affinius Capital") closed a $334 million recapitalization of 2505 Bruckner Boulevard, a 1 million square foot, premium urban industrial facility in the Bronx. The existing construction lender, Bank OZK provided a $250 million senior mortgage, while PIMCO provided a $84 million mezzanine loan. ...The post Innovo Property Group and Affinius Capital Close $334 Million Recapitalization of 2505 Bruckner Blvd appeared first on Real Estate Weekly.