MDM Associates LLC obtained financing of $9M from JPMorgan Chase Bank

MDM Associates LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $8.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 94 residential units at 3091 Brighton 5 Street in Brighton Beach. The deal closed on July 23, 2019 and was recorded on July 29, 2019.
The property contains a total of 99,000 square feet of built space.
The average loan per unit is $90,426.

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Direct link to the city’s interactive property map, ZOLA. link

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