TD Bank Provides $16M Refinance Loan For 70,011 SF Office/Retail Property In Bronx

The property at 3170 Webster Avenue in Bronx is an office/retail space with a total square footage of 70,011. The asset is owned by MADDD Equities, headed by Jorge Madruga, and the deal was facilitated by Brad Domenico, representing Progress Capital. The property is located in a vibrant market in Bronx.

Summary of transaction details:

• Property Type: Office/Retail
• Transaction Amount: $16,000,000
• Lender: TD Bank
• Landlord: MADDD Equities - Jorge Madruga
• Brokers: Brad Domenico - Progress Capital
• Loan Type: Refinance

TD Bank has provided a refinance loan of $16,000,000 for the property at 3170 Webster Avenue. This transaction allows MADDD Equities, headed by Jorge Madruga, to secure favorable financing terms. Brad Domenico, representing Progress Capital, played a key role in facilitating the deal, ensuring a successful refinance process for the property.