Brause Realty Inc. and Lonicera Partners LLC have successfully secured a $75 million construction financing deal for 255 East 39th Street, a premier mixed-use development in the desirable Murray Hill neighborhood. The loan was provided by J.P. Morgan and First Citizens Bank, with Lonicera Partners LLC serving as the project’s development manager.
The borrower was represented by Cushman & Wakefield’s Equity, Debt & Structured Finance team led by Gideon Gil, Lauren Kaufman, Zachary Kraft, and Cecelia Galligan. This expert team facilitated the transaction with their extensive knowledge of real estate finance.
Expected to be completed in late 2025, this impressive project will feature a 20-story building offering stunning views of the East River along with 157 luxurious apartments and approximately 4
