October 26, 2015
Madison Park Financial Corp. continues to be very busy developing multifamily projects in and around Oakland.
The Oakland-based company just announced three new developments, totaling $88 million, which brings its total to six assets at a value of $200 million. Three of Madison Park’s previously announced developments are in West Oakland and Fruitvale, with a combined 230 residences. New projects are also in West Oakland and Fruitvale, as well as uptown Oakland.
The multifamily buildings are, for the most part, on former industrial sites which are now vacant. Though Madison Park has equity financing in place, it still needs construction loans for the newly planned projects.