Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Madison Realty Capital Provides $50M First Mortgage Loan For Completion Of Development Project In Brooklyn's Broadway Triangle
Private Equity

Madison Realty Capital Provides $50M First Mortgage Loan For Completion Of Development Project In Brooklyn's Broadway Triangle

by benzinga.com posted 3weeks ago 347 views
NEW YORK, May 23, 2019 /PRNewswire/ -- Madison Realty Capital (MRC) has provided a $50 million first mortgage loan collateralized by a development project across 58 and 66 Gerry Street and coupled with an existing office building and additional development site at 25 and 33 Bartlett Street in the Broadway Triangle neighborhood of Brooklyn. The development, situated on a 30,037-square-foot lot, includes a nearly eighty percent complete condominium project comprised of two adjacent seven-story buildings and ground-floor retail, a completed 7,470-square-foot office building, and a vacant residential development site.