Benefit Street Partners Realty Trust is the lender. Eastern Union’s Ira Zlotowitz and Meir Kessner brokered the deal.
As part of the development, Braver has so far completed three six-story buildings at 869-871 Bushwick Avenue in 2015. He is currently building a 56-apartment building at 889 Bushwick Avenue and a 168-apartment building at 340 Evergreen Avenue.
Braver bought the full-block site for $15 million in 2014, property records show. The new loan replaces a $90 million mortgage from Centennial Bank.
Eastern Union is one of the city’s most active debt brokerage firms and arranged 435 mortgages in the five boroughs last year, according to The Real Deal’s latest ranking.