Maddd Equities Refinances Special Purpose Building On East 59th Street For $42.5M

Maddd Equities has secured a refinance loan valued at $42.5 million from Lakeland Bank for the specialty building located at 405 East 59th Street in Lenox Hill, Manhattan. The property is a special purpose asset with a total square footage of 64,360.

Summary of transaction details

• Property Type: Special Purpose
• Transaction Amount: $42,500,000
• Address: 405 East 59th Street
• Market: Lenox Hill, Manhattan
• Lender: Lakeland Bank - Robert Surovich
• Landlord: Maddd Equities - Jorge Madruga

The refinance loan provided by Lakeland Bank ensures Maddd Equities can continue to operate and invest in the specialty building at 405 East 59th Street. This transaction highlights the collaboration between Maddd Equities and Lakeland Bank, demonstrating their confidence in the property's potential.