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Joy Construction lands bridge loan for 445 West 35th Street

Bank Leumi USA provided the debt

445 West 35th Street (Credit: StreetEasy)

Joy Construction and Maddd Equities have secured a $45 million bridge loan from Bank Leumi for 445 West 35th Street.

Property Details: The Hudson Yards rental property spans 98,577 square feet, and contains 118 apartments, plus a retail unit.  TRD was first reported the news.

Worth Noting: Joy and Maddd pay around $1.1 million per year under the terms of a 99-year ground lease agreed upon in 2012. The companies started preleasing units in early September and the building is roughly 35 percent leased.

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