Core Insights - Charney Companies, Tavros, and Canyon Partners Real Estate secured $125.536 million in fixed-rate financing for Union Channel, a 224-unit rental building in Gowanus, Brooklyn, marking the first of four planned buildings in the Gowanus Wharf development [1] - The financing was arranged by JLL Capital Markets through a 7-year loan from Freddie Mac, highlighting strong demand for well-located multifamily assets in New York City [1][2] - Union Channel features 25% of its units designated as affordable housing and includes various amenities such as a rooftop pool, fitness center, and coworking lounge [1] Company Highlights - Charney Companies is a fully integrated real estate firm focused on developing and managing residential and commercial properties in the New York City Metro area, with over three million square feet under construction [1] - Tavros is a privately-owned real estate investment management firm with a focus on New York City, emphasizing quality partnerships with tenants and investors [1] - Canyon Partners Real Estate, part of Canyon Partners, LLC, has invested over $7.8 billion in real estate assets, focusing on debt and opportunistic strategies [2] Project Details - Union Channel is designed by Fogarty Finger Architecture and has been popular with renters since its launch a year ago, benefiting from its strategic location near public transportation and other neighborhoods [1] - The Gowanus Wharf development will ultimately include approximately 2,000 residential units and various amenities, including a public park and a health and wellness spa [1] - The JLL Capital Markets Debt Advisory team played a crucial role in securing the financing, indicating strong confidence in the project's long-term growth potential [1][2]