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Bruman Realty Refinances Multifamily Property In Greenpoint, Brooklyn For $25M With Webster Bank

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FINANCED
$25,000,000

New York

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MultiFamily
Financed 02/22/2023
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Property Image
FINANCED

Bruman Realty Refinances Multifamily Property In Greenpoint, Brooklyn For $25M With Webster Bank

146 Bayard Street

See Similar Deals
MultiFamily
Financed 02/22/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Located at 146 Bayard Street in the Greenpoint neighborhood of Brooklyn, this multifamily property consisting of 46 units was recently involved in a loan transaction.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000
  • Loan Type: Refinance

The loan for this property was secured from Webster Bank, with Jonathan Whitehouse representing the bank in the deal. The borrower of the loan is Bruman Realty, with Joseph Brunner as their representative. The loan, which was completed on February 22, 2023, involved refinancing the property.

Details

FINANCED
IMAGE: 02/22/2023 ADDRESS: 146 Bayard Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 46 LENDER: Webster Bank (@WebsterBank) - Jonathan Whitehouse LANDLORD: Bruman Realty - Joseph Brunner LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00