Madison Realty Capital snags $63M loan from TPG for Brooklyn rental

NEW YORK, June 20, 2018 /PRNewswire/ — Madison Realty Capital (MRC) closed a $55.0 million first mortgage loan collateralized by a mixed-use development site situated at 948 Myrtle Avenue located.

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Madison Realty Capital (MRC) announced the closing of a 7 million construction loan for River Park, a 3-building mixed-use development in Cobble Hill, Brooklyn consisting of approximately 325,000 sellable square feet, and including 172 luxury condominium units, 66,900 square feet of community facility space, and 328 parking spaces.

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U.S. commercial, multifamily mortgage debt reaches $3.46tn in Q1 2019, commercial real estate loans,multifamily loans,US mortgage debt,economy.. Madison Realty Capital provides $50m first mortgage loan for Brooklyn project. CRE FINANCE. U.S commercial and multifamily mortgage loan originations rise 12% in Q1.

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Mr. Zegen co-founded Madison Realty Capital in 2004 and is responsible for overseeing the origination and structuring of all of Madison’s investment activities, as well as raising institutional capital and portfolio management. Since Madison’s inception, Mr. Zegen has closed real estate transactions totaling in excess of $3.0 billion.

Madison Realty Capital has landed a $63 million financing from the private equity firm TPG for a property in Clinton Hill. Madison originally filed its plans to develop the rental, called the.

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Real estate investment firm Madison Realty Capital announced Tuesday that it has paid $82.5 million to purchase a Brooklyn office building geared for media, technology and other creative tenants.

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