Joy Construction and Maddd Equities borrow $130M from Natixis for new commercial property in Lenox Hill

Joy Construction and Maddd Equities through the entity YYY 62nd Street LLC as borrower signed a loan agreement with lender Natixis through the entity Natixis Real Estate Capital LLC valued at $130 million for 8 commercial condominium parcels at 330 East 62nd Street in Lenox Hill. The deal closed on December 6, 2019 and was recorded on December 18, 2019.
The building was issued an initial temporary certificate of occupancy on Nov. 29, 2019. Brad Domenico of Progress Capital was the broker on the deal which provided $43.75 million in new debt as a gap mortgage.

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