Gemdale, Madison Equities raise debt by $20M from Shanghai Commercial at 45 Broad to $81.5M
![](https://www.pincusco.com/wp-content/uploads/2020/06/45-Broad-Street-Credit_-Google-Earth.jpg)
45 Broad Street (Credit: Google Earth)
Gemdale and Madison Equities through the entity Madison 45 Broad Development LLC as borrower signed
45 Broad Street (Credit: Google Earth)