New residential project coming to Downtown Brooklyn
Bruman Realty has secured $102.5 million in construction financing from Bank Leumi for their residential project at 260 Gold Street. Upon completion, the building will span 191,000 SF, and contain 286 apartments.
Financing Breakdown: The new financing provides a $69.2 million building loan, a $3.3 million project loan, and also refinances a $30 million acquisition loan, according to TRD.
Flashback: Bruman Realty paid $60 million for the development site last year.