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

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FINANCED
$9,600,000

New York

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MultiFamily
Financed 05/14/2026
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Property Image
FINANCED

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

61 Morgan Avenue, 220 Bushwick Avenue, 222 Bushwick Avenue & 1000 Fulton Street

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MultiFamily
Financed 05/14/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Amalgamated Bank
Amalgamated Bank
LENDER
WL
Wolfe Landau
10 deals$247.6M volume
LANDLORD

Details

FINANCED
IMAGE: 05/14/2026 ADDRESS: 61 Morgan Avenue & 220 Bushwick Avenue & 222 Bushwick Avenue & 1000 Fulton Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 32 LENDER: Amalgamated Bank (@Amalgamated_Bank) LANDLORD: Wolfe Landau - Watermark Capital Group (@WatermarkCapital) LOAN AMOUNT: $9,600,000 LOAN TYPE: Refinance NOTE: Watermark Capital Group, through 1000 Fulton LLC, closed a $9.6 million refinancing with Amalgamated Bank on four Brooklyn properties spanning 32 residential units across East Williamsburg, Williamsburg, Bushwick, and Clinton Hill, replacing prior Blackstone Group debt of $9.5 million.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,600,000.00

Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00