Maddd Equities Secures $42.5M Refinance Loan For Retail Property At 405-409 E 59th Street In New York

The retail property located at 405-409 E 59th Street in New York has recently undergone a refinancing deal. The property spans approximately 100,000 square feet and is owned by Maddd Equities, represented by Jorge Madruga. The lender for the refinancing is Lakeland Bank, with Rob Surovich acting as their representative in the transaction. The loan amount for this deal is $42,500,000.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $42,500,000
• Address: 405-409 E 59th Street, New York
• Market: New York
• Asset Size: 100,000 square feet
• Lender: Lakeland Bank (represented by Rob Surovich)
• Landlord: Maddd Equities (represented by Jorge Madruga)

In brokering this refinancing deal, Brad Domenico of Progress Capital acted as the broker representative. His expertise and negotiation skills facilitated the successful refinancing of this retail property.