facebook
Traded Co logo
Submit a Deal

Maddd Equities Secures $4.2M Construction Loan For Vacant Lot In Bronx

139-141 Alexander Avenue
PointingArrow
ShareContact

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

A vacant lot located at 139-141 Alexander Ave in the Mott Haven area of the Bronx has been secured for development. The property is approved for the construction of three 6-story residential towers. The project is being undertaken by Jorge Madruga of Maddd Equities.

Summary of transaction details

  • Property Type: Vacant Lot – With Approvals for (3) 6-Story Residential Towers
  • Transaction Amount: $4,157,000
  • Address: 139-141 Alexander Ave, Bronx
  • Market: Mott Haven

Brad Domenico from Progress Capital represented Jorge Madruga of Maddd Equities in the deal. Sterling National Bank provided a $4,157,000 construction loan to facilitate the development of the property. The loan has a term of 18 months with interest-only payments.

View Related

Deals
  • Location
    139 Alexander Avenue, Staten Island, NY 10312139 Alexander Avenue, Staten Island, NY 10312
  • Loan Value
    $4,157,000$4,157,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Brad Domenico

Brad Domenico

Deals114
Financed$2.1B

Agency

Progress Capital

Progress Capital

Agency
Deals382
Volume$4.9B

Sterling National Bank

Sterling National Bank

Lender
Deals21
Volume$ 354B

Social

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

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

139-141 Alexander Avenue

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits