News August 06, 2019

BK, Queens Projects Among MRC’s $1.3B in YTD Deals

Connect Media reports that Madison Realty Capital has closed more than $1.3 billion in financing deals since the beginning of the year, including deals in six states and all major asset classes. The firm, which is best known for its successful debt funds and mezzanine loans, closed out New York borough deals including a $50 million first mortgage for a mixed-use development in Brooklyn and a $30 million first mortgage on another mixed-use development in Queens. MRC Managing Principal and Co-Founder Josh Zegen expects more strong performance as the year continues, stating, “We continue to see a steady pipeline of opportunities with little to no signs of a slowdown.”

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