New York based, Madison Realty Capital, a real estate investment firm, is pleased to announce the funding of a $22,500,000 construction loan to finish construction on an 80% complete, 98,662 square feet mixed use development comprised of 80,085 square feet of residential condominiums, 5,031 square feet of medical office, 13,546 square feet of community facility, and 60 valet parking spaces. The Borrower’s previous lending bank failed in 2009, forcing the borrower to fund the development with a significant amount of cash. MRC provided funds to payoff the bank at a discount and complete the project.