Rybak Development Secures $10M Bridge Loan From Maxim Capital Group For Midtown NYC Development Site

660 Lexington Ave

$10,000,000

$2,267/SF

Building Size

4,411 SF

Asset Type

MultiFamily

Closing

May 5, 2023

AI

A development site located at 660 Lexington Ave in Midtown, NYC has been involved in a loan transaction. The loan, provided by Maxim Capital Group and brokered by JLL representatives Robert Tonnessen and Aaron Niedermayer, amounts to $10,000,000. The loan type is bridge financing.

Summary of transaction details

Property Type: Development Site
Loan Amount: $10,000,000
Address: 660 Lexington Ave, Midtown, NYC
Market: Midtown, NYC
Landlord: Rybak Development – Sergey Rybak
Lender: Maxim Capital Group - Jason Bordenick
Brokers: Robert Tonnessen & Aaron Niedermayer - JLL

The development site's landlord is Sergey Rybak of Rybak Development. Jason Bordenick from Maxim Capital Group serves as the lender in this transaction, while JLL representatives Robert Tonnessen and Aaron Niedermayer played a role as brokers.

Players