Fatony of AFC secures $8.65m acquisition and development financing

AFC Realty Capital arranged $8.65 million in financing for the acquisition and development of a condo project located in Fort Greene. Joseph Fatony, principal of AFC Realty Capital, secured the financing for the sponsor, Carlton Mews LLC, through a local financial institution. The development includes the conversion of a church on Adelphi St. and the construction of townhouses on Carlton Ave. The project, which has received approval from the Landmarks Commission, will have 40 condos and 20 underground parking spaces available to home buyers.