News November 26, 2019

Madison Realty Capital Provides $31M Acquisition Loan for SoCal Development Project

After opening their office in Los Angeles last year, Madison Realty Capital is continuing to make big waves on the Southern California coast, this time extending a $30.5 million loan for a forthcoming hotel project by The University of California and John Wayne Airport. The borrower, John deVries, is a hotelier intent on bringing a new 11-story hotel to the Irvine area, and MRC was there to step in with a debt investment designed to facilitate quick action. “This transaction represents what we do best,” said Josh Zegen, Managing Principal and Co-Founder of MRC. “In this case, we had the opportunity to quickly finance a mixed-use development that will fill a substantial hospitality void in the Irvine market.”

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