Toronto-based Madison Group refi $60M from TD Bank for property in Midtown West

Madison Group through the entity 306 West 48th Manhattan LP as borrower signed a loan agreement with lender TD Bank valued at $60 million for 8 parcels, including the tax class miscellaneous (K9) at 785 8th Avenue, 783 8th Avenue, 306 West 48th Street, 306 West 48th Street, 310 West 48th Street, and others in Midtown West. The deal closed on December 30, 2020 and was recorded on January 21, 2021.

The Toronto-based Madison Group acquired 785 Eighth Avenue in 2012.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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