Natixis Provides $21M Acquisition Loan For Bronx Parking Lots | 1150-1159 River Avenue | Natixis | Brad Domenico | Other | Loan

Summary

Loan

NEW YORK

Other

A loan was secured for the acquisition of a parking lot property located at 1150-1159 River Avenue in the Concourse area of the Bronx. The loan was provided by natixis''>Natixis for an amount of $21,000,000.

Summary of transaction details

Property Type: Parking Lots
Transaction Amount: $21,000,000
Address: 1150-1159 River Avenue
City: Bronx
Market: Concourse
Lender: Natixis

The property was acquired by Jorge Madruga of Maddd Equities and Eli Weiss of Joy Construction, who served as the landlords in the transaction. The deal was facilitated by Brad Domenico, a partner at Progress Capital, acting as the broker.

Players

All
3

Agents
1
Agencies
1
Lenders
1

$735.9M Sold

Details

Deal Summary

FINANCED

IMAGE: Brad Domenico, Jorge Madruga and Eli Weiss DATE: 8/22/18 ADDRESS: 1150-1159 River Avenue CITY: Bronx MARKET: Concourse ASSET TYPE: Parking Lots LENDER: Natixis LANDLORD Jorge Madruga, Maddd Equities and Eli Weiss, Joy Construction BROKER: Brad Domenico, Partner Progress Capital LOAN AMOUNT: $21,000,000 LOAN TYPE: Acquisition

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Address1150-1159 River Avenue

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