David A. Brause Secures $75 Million Construction Loan For 255 East 39th Street

The property at 255 East 39th Street, located in Murray Hill, Manhattan, is a mixed-use asset consisting of 157 units. The loan for this property was secured for $75,000,000 for construction purposes. The lenders involved in this transaction were J.P. Morgan and First Citizens, while the landlord of the property is David A. Brause from Brause Realty. The brokers representing the deal were Gideon Gil, Lauren Kaufman, Zachary Kraft, and Cecelia Galligan from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $75,000,000
• Address: 255 East 39th Street
• Market: Murray Hill, Manhattan
• Lenders: J.P. Morgan & First Citizens
• Landlord: David A. Brause - Brause Realty
• Brokers: Gideon Gil, Lauren Kaufman, Zachary Kraft, Cecelia Galligan - Cushman & Wakefield
• Loan Type: Construction
• Total Units: 157

The key individuals involved in this deal include Gideon Gil, Lauren Kaufman, Zachary Kraft, Cecelia Galligan, and David A. Brause. Gideon Gil, Lauren Kaufman, Zachary Kraft, and Cecelia Galligan served as brokers representing the transaction, while David A. Brause acted as the landlord of the property. This collaboration resulted in securing a significant loan amount for the construction of the mixed-use property at 255 East 39th Street.