Jorge Madruga & Eli Weiss Acquire Air Rights In Downtown Brooklyn For $22M Loan From Libremax Capital

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.