News October 21, 2019
Madison Realty Capital finances Beverly Hills condo project amid West Coast expansion
Madison Realty Capital’s West Coast expansion continues to grow with a pair of new deals inked by the New York City-based private debt investment firm. The Real Deal is reporting that MRC provided $20 million in construction loans to Lenlib Leeper Inc. for a 4-story, 16-unit project in Beverly Hills, the upscale town outside Los Angeles. MRC also provided $15.1 million to INI Greenfield for another SoCal development, this one in San Diego. These deals come on the heels of MRC opening its first West Coast office in Los Angeles last year. Madison Realty Capital's latest debt fund closed in April 2019 and raised over $1.1 billion.