TD Bank Provides $6M Refinance Loan For Central Harlem Office Building On West 127th Street

Located in Central Harlem, the office property at 159 West 127th Street has recently undergone a refinancing transaction. The property spans approximately 15,000 square feet and is owned by Jorge Madruga of MADD Equities. The loan for this transaction was secured from TD Bank for a total amount of $6,000,000.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $6,000,000
• Date: 12/20/2021
• Address: 159 West 127th Street, Central Harlem
• Lender: TD Bank
• Landlord: Jorge Madruga - MADD Equities
• Broker: Brad Domenico - Progress Capital
• Loan Type: Refinance
• Loan Terms: 10-Year Fixed in the 3.00% range

The deal was facilitated by Brad Domenico of Progress Capital, who represented the borrower in securing the refinancing loan from TD Bank. The transaction marks a strategic move for the property owner, Jorge Madruga of MADD Equities, in optimizing the property's financial position.