Abraham Brach refis $20M inventory loan originated by Madison Realty with BridgeCity

Abraham Brach through the entity 58 Gerry St LLC as borrower signed a loan agreement with lender BridgeCity Capital through the entity Bridgecity Capital Qob LLC valued at $20 million for 18 parcels at 66 Gerry Street and 25 Bartlett Street in East Williamsburg. The deal closed on February 17, 2021 and was recorded on April 15, 2021.

BridgeCity refinanced a $20 million loan Madison Realty Capital had originated as part of a larger construction loan.
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The signatory for the lender was Louis Lebovits.