New York, NY, Oct. 23 (Korea Bizwire) — MAG Partners today announced that it has secured a $173 million construction loan from Madison Realty Capital that will allow work to commence next month on a 479-unit rental residential building at 241 W. 28th Street in Chelsea. The project will be developed under the Affordable NY program [...]
NEW YORK, Feb. 20 (Korea Bizwire) — Ceruzzi Properties has secured the next phase of financing at The Centrale, the luxury residential condominium tower at 138 East 50th Street in the Midtown East neighborhood of Manhattan. Meritz provided Ceruzzi with a $350 million inventory loan collateralized by the luxury residential tower, which pays off a previous [...]
NEW YORK, Nov. 15 (Korea Bizwire) — Madison Realty Capital (MRC) has provided a $48.0 million senior loan for the funding of a $79.1 million financing package for the development of a mixed-use office project at 3 St. Mark’s Place in Manhattan’s East Village neighborhood. Hana Financial Group, a leading South Korean financial services company, [...]
NEW YORK, Jul. 26 (Korea Bizwire) — Madison Realty Capital (MRC) announced that it closed over $1.3 billion in financing and note purchases year-to-date in 2019. The nationwide transactions, between $21.4 million and $314 million, touched all major asset classes and included deals in New York, New Jersey, Texas, Florida, California and Massachusetts. The firm’s [...]
NEW YORK, Jul. 17 (Korea Bizwire) — Madison Realty Capital has provided a $225 million construction loan on The Residences at Mandarin Oriental, Boca Raton, a planned 12-story, 580,000-square-foot luxury condominium tower in Boca Raton, Florida. The financing will allow owner/developer Penn-Florida Companies to complete the 12-story, 288,000 saleable-square-foot luxury condominium tower with an additional [...]
NEW YORK, Apr. 16 (Korea Bizwire) — Madison Realty Capital (MRC), a private equity firm focused on real estate debt and equity investment strategies, announced the final closing of Madison Realty Capital Debt Fund IV LP (“MRC Debt Fund IV”), the firm’s fourth institutional real estate debt investment vehicle. Adam Tantleff, Managing Principal of MRC, [...]
NEW YORK, Jun. 11, 2018 (Korea Bizwire) — Madison Realty Capital (MRC) closed a $167.5 million first mortgage loan collateralized by Madison Square Park Tower, a luxury condominium development located at 45 East 22nd Street in the Madison Square Park neighborhood of Manhattan. In a complex multi-party transaction MRC rapidly delivered financing to Ian Bruce Eichner [...]
NEW YORK, Apr. 25 (Korea Bizwire) — Madison Realty Capital (MRC) provided a $35 million mezzanine loan to co-developers Sumaida + Khurana and LENY for a new condominium tower located at 611 West 56th Street in the Hell’s Kitchen neighborhood of Manhattan. The funding is part of a $155 million construction financing package for the [...]
MIAMI , Apr. 24 (Korea Bizwire) — New York-based Madison Realty Capital has provided a $137 million construction loan to New York-based JDS Development Group for Monad Terrace. The deal indicates conviction in the development team, the high-design product by Pritzker Prize-winning architect Jean Nouvel and the South Beach market’s extremely limited new development inventory [...]