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Madison Realty Capital Provides $19.7 Million Bridge Loan for Apartment Complex in San Antonio, TX

Financing is Most Recent Deal Completed by Fund Focused on Short-Term Lending to Commercial Real Estate Entities

NEW YORK; June 18, 2007 — Madison Realty Capital (MRC), an institutionally backed private commercial lender which provides short-term real estate loans, today announced it has provided a $19.7 million loan to the owner of a pair of apartment complexes in San Antonio, Texas. The loan helped retire existing debt and fund remaining costs related to the buildings' maintenance.

"Once again, this transaction reinforces our ability to close loans quickly and efficiently," said Josh Zegen, Managing Partner and Co-Founder. "As traditional lenders have pulled back in the conventional lending markets, there is a glaring need for the flexibility and creativity that MRC provides."

MRC's loan was secured by an apartment complex that includes two separate residential dwellings in San Antonio, Texas. The first complex consists of 244 apartment units contained in 23 two-story apartment buildings, over a site area of approximately 19 acres located in the northeastern quadrant of San Antonio. The second property consists of 319 apartment units contained within 30 two-story buildings, situated on a 22.32-acre tract of land in the northeastern part of San Antonio.

Alex Katz of Meridian Capital Group sourced the transaction to MRC.

About Madison Realty Capital
Madison Realty Capital is headquartered in New York, NY. MRC is an institutionally backed private commercial lending fund, which provides short-term loans secured by a variety of commercial real estate. With over 50 years of experience, the partners at MRC have the knowledge and experience to find creative solutions for even the most problematic deals.

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