The New York-based real estate firm, Maddd Equities, has secured a $42.5 million loan to refinance its Bridgemarket property located at 401 E 59th Street, in the Upper East Side of Manhattan. The unique 100,000 sq ft marketplace, situated at the corner of East 59th Street and First Ave, offers a prime retail space for businesses.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $42,500,000
• Address: 401 E 59th Street
• Market: Upper East Side, Manhattan
• Square Footage: 100,000 sq ft
• Landlord: Maddd Equities - Jorge Madruga
• Broker: Brad Domenico - Progress Capital
• Loan Type: Refinance

Brad Domenico of Progress Capital played a crucial role in arranging the loan for Maddd Equities' Bridgemarket property. The deal provides financial stability and the opportunity for Maddd Equities to further enhance the marketplace's offerings and attract a diverse range of retailers.