August 6, 2019
Major projects in Brooklyn and Queens were among the beneficiaries of the more than $1.3 billion in financings and note purchases closed by Madison Realty Capital year to date through late July.
Among the deals were a $50-million first mortgage for a mixed-use condominium development in the Broadway Triangle neighborhood of Brooklyn, and a $30-million first mortgage for a mixed-use development at the site of the former RKO Keith’s Theater in Queens.
YTD, MRC has closed deals across six states—including New York, New Jersey, Texas, Florida, California and Massachusetts—and encompassing all major asset classes.
The firm’s debt investment platform focuses on originating senior-secured loans, mezzanine loans and preferred equity investments in the middle-market along with performing note purchases and acquiring non-performing loans.
“We continue to see a steady pipeline of opportunities with little to no signs of a slowdown,” said Josh Zegen, co-founder and managing principal of MRC.
For comments, questions or concerns, please contact Paul Bubny