Maddd Equities borrows $15M from Metropolitan Commerical for retail in East Harlem

Jorge Madruga’s Maddd Equities through the entity Bruckner 125th Street LLC as borrower signed a loan agreement with lender Metropolitan Commerical Bank valued at $15 million for 1 parcel, including the tax class two-story or store and office (K2) at 132 East 125th Street in East Harlem. The deal closed on March 15, 2021 and was recorded on March 26, 2021.
The property contains a total of 6,594 square feet of built space.
The financing includes a $10.25 million gap loan.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $10,000.

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