Maddd Equities Secures $4.2M Construction Loan For Vacant Lot In Bronx
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This Development Site property located in NY received a loan of $4,157,000 over 5 years ago. The broker of the deal was Brad Domenico
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- Location139 Alexander Avenue, Staten Island, NY 10312
- Loan Value$4,157,000
- Asset TypeDevelopment Site
- Parties1 Broker, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Jorge Madruga, Maddd Equities and Brad Domenico, Progress Capital (@progress.capital)
DATE: 9/12/18
ADDRESS: 139-141 Alexander Ave
CITY: Bronx
MARKET: Mott Haven
ASSET TYPE: Vacant Lot – With Approvals for (3) 6-Story Residential Towers
LENDER: Sterling National Bank
LANDLORD: Jorge Madruga, Maddd Equities
BROKER: Brad Domenico, Partner Progress Capital
LOAN AMOUNT: $4,157,000
LOAN TYPE: Construction
TERM: 18 Months I/O
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139-141 Alexander Avenue
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