William Friedland Of Friedland Properties Refinances 909 Madison Avenue Retail With $12.5M Loan From M&T Bank

The asset involved in the transaction is a retail building located at 909 Madison Avenue, situated in the Lenox Hill neighborhood of Manhattan. The property has a total building square footage of 17,010, with retail space encompassing 8,205 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Lender: M&T Bank
• Landlord: William Friedland - Friedland Properties
• Loan Type: Refinance
• Previous Debt Amount: $16,300,000

William Friedland represents Friedland Properties in this refinancing deal, securing a $12.5 million loan from M&T Bank to replace the previous debt of $16.3 million on the property.