West 56th Street
New York, NY

Name: Madison Realty Capital
Telephone: 646.472.1900

Investment Type: Mezzanine Financing
Property Description: Residential Development
Loan Amount: $35MM

MRC originated a $35MM construction mezzanine loan for a to-be-constructed residential condominium building in the Hudson West neighborhood of Manhattan, New York.
Upon completion, the property will be a 36-story, 160,000 SF luxury residential condominium containing 83 for-sale residential units and over 1,200 SF of retail space.
The sponsors, architects, designers, and construction managers associated with this project are all well-known and highly regarded, and have completed numerous projects of this size and scope in the past, both in the United States and abroad.
The project will benefit from its proximity to Hudson Yards, which has created a “western shift” across Manhattan.

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