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Madison Realty Capital Supplies $61M Bridge Loan
Closed
Real Estate ServicesNew JerseyOther
Deal Overview
Madison Realty Capital originated a $61 million bridge loan for a newly completed multifamily asset in northern New Jersey. The financing was used to fund lease-up of Braddock Park West in North Bergen, N.J.
The property contains 135 units. The article notes the deal closed three years after Sanz Property Management secured a $52.5 million construction loan from Hall Structured Finance for the 11-story building.
Key Details
- Transaction
- Madison Realty Capital acquires Braddock Park West
- Deal Size
- $50M – $100M
- Reported Value
- $61 million
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