Rybak Development Secures $7M Bridge Loan For Development Site In Manhattan, NY

Rybak Development has secured a $7,000,000 bridge loan from Maxim Capital Group for the development site located at 502 East 81st Street in Manhattan, NY. The property is a development site with a buildable square footage (BSF) of 30,000.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Address: 502 East 81st Street, Manhattan, NY
• Market: Manhattan, NY
• Landlord: Rybak Development
• Lender: Maxim Capital Group
• Loan Type: Bridge

The deal involves Rybak Development as the landlord and Maxim Capital Group as the lender. Adam Glick, Sergey Rybak, Jason Bordenick, Andrew Shavrin, and Billy Haber were involved in the transaction as reflected in the provided image.