Joseph Brunner and Abe Mandel Hit With Foreclosure

A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developers Joseph Brunner and Abe Mandel are caught in a foreclosure lawsuit involving close to $20 million in mortgages for a Bushwick building.

The lender, Benefit Street Partners Realty, charged in a suit filed in New York State Supreme Court that the developers, operating as 121 Morgan Holdings and Morgan BMB, defaulted on three mortgages totaling $19.75 million. The developers also allegedly failed to meet multiple deadlines to complete improvements to the former manufacturing facility at 121 Morgan Avenue.

“This is a mortgage foreclosure action brought by a lender that has bent over backwards — time and again — to accommodate a defaulting borrower that has opted to look a gift horse in the mouth,” court documents read.

Brunner and Mandel are known together as Bruman Realty,

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