L&M Development Partners Refinances East Harlem Condo At 1787 Madison Avenue With M.Y. Safra Bank Loan

The asset involved in this transaction is a retail condo located at 1787 Madison Avenue in East Harlem, Manhattan. The property encompasses a total square footage of 13,879 and has undergone refinancing with a loan amount of $4,200,000 from M.Y. Safra Bank, which replaces a prior loan of $5,000,000 from Webster National Bank.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $4,200,000
• Lender: M.Y. Safra Bank
• Landlord: Lisa Gomez - L+M Development Partners
• Asset Address: 1787 Madison Avenue
• Market: East Harlem, Manhattan
• Asset Size: 13,879 SF
• Loan Type: Refinance

The individuals behind this refinancing transaction include Lisa Gomez, representing L+M Development Partners as the landlord, and M.Y. Safra Bank as the lender, facilitating the financial restructuring of the property asset.