Long Island City Acquisition Loan: $98.5M for DŌMI
Updated: Nov 4
A $98.5 million Long Island City acquisition loan from Affinius Capital has financed Brightshore Capital’s purchase of DŌMI. The buyer announced the transaction on November 2 through PR Newswire, and Commercial Observer also reported the financing.
The newly built, 190-apartment property is at 29-24 40th Avenue in Dutch Kills, Queens. Brightshore, formerly GTIS Partners, acquired it through its Opportunity Zone Fund II. The $98.5 million figure refers to the loan.
Long Island City Acquisition Loan: Key Facts
Item | Reported Details |
Acquisition loan | $98.5 million |
Buyer | Brightshore Capital |
Lender | Affinius Capital |
Property | DŌMI · 190 apartments · Long Island City |
Exploring New York real estate-backed EB-5 opportunities? Connect with the iCross × ARCFE team to discuss available projects and useful information for your review.
Why Institutional Participation Matters
In its announcement, Brightshore pointed to Long Island City’s access to Manhattan, transportation links and continued neighborhood investment as reasons for its interest. The completed acquisition and associated loan provide a concrete example of institutional equity and debt participating in a local residential asset.
Our recent coverage of Talo38’s Long Island City refinancing illustrates a different financing purpose. Together, the deals offer local examples of capital supporting property acquisitions and the ongoing ownership of residential assets.
EB-5 Investor Insight & ARCFE View
When reviewing an EB-5 project, consider nearby transactions and financing records for comparable properties. They help show which assets institutional buyers and lenders are choosing to support.
ARCFE was founded by iCross Capital, a New York City real estate credit institution with nearly 20 years of experience. We assess location, product positioning and target customers together when reviewing a project’s demand assumptions.
Sources
Recent ARCFE EB-5 Principal Repayment Highlights
Explore ARCFE’s latest EB-5 principal repayment milestones across pre-RIA and post-RIA projects. Click any image below to read the full project update.
Explore Current New York Real Estate-Backed EB-5 Opportunities
Considering EB-5 for Your Family?
Speak with an iCross × ARCFE EB-5 specialist to discuss your immigration goals, timeline, and available investment opportunities.
Related ARCFE Resources
Review important travel, residency, tax and immigration considerations after receiving a conditional green card.
Understand how senior debt, mezzanine financing and equity differ in repayment priority and risk exposure.
Disclaimer: Articles published under the "NYC Real Estate" category are curated from third-party media sources for informational purposes only. ARCFE does not claim ownership of the original content, nor does it guarantee the accuracy, completeness, or timeliness of the information presented. The views and opinions expressed in these articles are those of the original authors and do not necessarily reflect the position of ARCFE. Nothing contained herein constitutes investment, legal, or tax advice. Readers are encouraged to consult with qualified professionals before making any investment decisions.
