Wolfe Landau Of Watermark Capital Group Secures $9.6 Million Refinance With Amalgamated Bank

The transaction involved a refinancing of multifamily properties located at 61 Morgan Avenue, 220 Bushwick Avenue, 222 Bushwick Avenue, and 1000 Fulton Street in the Williamsburg market of Brooklyn, consisting of a total of 32 residential units. The loan amount was $9,600,000, executed to replace existing debt incurred from the Blackstone Group amounting to $9,500,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $9,600,000
• Lender: Amalgamated Bank
• Landlord: Wolfe Landau - Watermark Capital Group
• Assembled Properties: 4
• Units: 32
• Location: Williamsburg, Brooklyn
• Loan Type: Refinance

The refinancing was facilitated by Watermark Capital Group through 1000 Fulton LLC, indicating the active role of the landlord, Wolfe Landau, in securing the new financing option for the properties in question.