Joseph Brunner Of Bruman Realty Refinances Multifamily Property At 296 Wythe Avenue For $52M

A multifamily residential building located at 296 Wythe Avenue in Williamsburg, Brooklyn, is the subject of the loan transaction. The property comprises 84,145 square feet and includes 55 residential units. The transaction involves refinancing with a loan amount of $52,000,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $52,000,000
• Lender: Jacques Chappuis - PGIM
• Landlord: Joseph Brunner - Bruman Realty
• Loan Type: Refinance
• Previous Lender: Deutsche Bank

The refinancing deal was facilitated by Joseph Brunner’s Wythe Owner LLC, which replaced the prior debt held by Deutsche Bank with the new loan from PGIM Real Estate/Prudential.