Infinity Real Estate originated a $2.5 million floating-rate senior loan as part of a larger purchase and recapitalization of both 169 First Ave. and 171 First Ave. in Manhattan.
In 2019, a partnership between BridgeInvest and Infinity originated a $12 million financing package secured by the adjacent mixed-use properties —171 First Ave. features the Momofuku restaurant, along with four full-floor loft-style apartment units, while 169 Firstt Ave. features ground-floor retail and a duplex apartment with a large private garden space. Both properties were recently sold, providing the opportunity for BridgeInvest and Infinity to redeploy their capital, and for Infinity to independently issue a new senior loan for the purchaser of 169 First Ave.
