Metropolitan Bank Provides $15M Acquisition Financing For Retail/Office Property In Harlem | 124-132 East 125th Street | Brad Domenico | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

The property involved in this transaction is located at 124-132 E. 125th St. in Harlem. It is a retail/office asset.

Summary of transaction details

Property Type: Retail/Office
Transaction Amount: $15,000,000
Market: Harlem
Loan Type: Acquisition Financing

The lender for this transaction is Metropolitan Bank. The landlord is Jorge Madruga, represented by MADDD Equities. Brad Domenico from Progress Capital acted as the broker.

The loan amount for this transaction is $15,000,000, with a loan term of 2 years interest-only.

Players

All
2

Agents
1
Agencies
1

Brad Domenico

Partner

$735.9M Sold

Progress Capital

Details

Deal Summary

FINANCED

IMAGE: Jorge Madruga & Brad Domenico (@Domenico317) DATE: 03/15/2021 ADDRESS: 124-132 E. 125th St. MARKET: Harlem ASSET TYPE: Retail/Office LENDER: Metropolitan Bank LANDLORD: Jorge Madruga @MADDD_Equities BROKERS: Brad Domenico (@Domenico317) @Progress.Capital LOAN AMOUNT: $15,000,000 LOAN TERMS: 2 Years Interest-Only LOAN TYPE: Acquisition Financing

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Address124-132 East 125th Street

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