Jorge Madruga & Eli Weiss Acquire Air Rights In Downtown Brooklyn For $22M Loan From Libremax Capital
FINANCED
$22,000,000
New York
See Similar DealsMultiFamily
Financed 06/19/2020
FINANCED
Jorge Madruga & Eli Weiss Acquire Air Rights In Downtown Brooklyn For $22M Loan From Libremax Capital
202-208 Tillary Street, Downtown Brooklyn, Brooklyn, NY, USA
See Similar DealsMultiFamily
Financed 06/19/2020
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this closed transaction is located at 202-208 Tillary Street in Downtown Brooklyn (DoBro). It is an air rights asset. The loan for this transaction was provided by Libremax Capital, and the loan amount was $22,000,000. The loan type is an acquisition loan with Libor Floater terms. The landlord in this deal is Jorge Madruga and Eli Weiss. The broker representing the deal is Brad Domenico from rogress.Capital.
Summary of transaction details:
- Property Type: Air Rights
- Transaction Amount: $22,000,000
- Lender: Libremax Capital
- Landlord: Jorge Madruga, Eli Weiss
- Broker: Brad Domenico - rogress.Capital
- Loan Type: Acquisition Loan
- Loan Terms: Libor Floater
In this transaction, Jorge Madruga and Eli Weiss acted as the landlords. The loan was facilitated by Brad Domenico from rogress.Capital as the broker representing the deal.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,000,000.00
Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions