News September 13, 2019
These were the 10 largest Manhattan real estate loans in August
Madison Realty Capital’s latest loan made The Real Deal’s monthly list of the ten largest real estate loans in Manhattan, making it just the latest in the firm’s string of large deals. The loan is a $79 million refinancing package extended to Sam Chang’s McSam Group for a hotel at 25 West 51st Street and replaces an existing loan from 2016. The loan was part of a larger play in which Chang bought out the hotel’s branding partner, positioning repeat borrower McSam Group as the sole proprietor. Madison Realty Capital is one of the nation’s leading private debt investment firms specializing in bridge loans, construction loans, and debt funds, including their most recent Debt Fund IV, which closed with over $1.1 billion in funding.