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Bruman Realty lands financing to develop 260 Gold Street

New residential project coming to Downtown Brooklyn

Rendering of 260 Gold Street (Credit: Velocity Framers USA and Bruman Realty)

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.

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