News September 13, 2021
Madison Realty Capital Lends $79M on LA Industrial and Flex Portfolio
Commercial Observer reported that Los Angeles-based developer Vella Group has secured $79.1 million in debt from Madison Realty Capital on a portfolio of four industrial and flex buildings, along with one vacant development site, located in Los Angeles County. The loan will be used to refinance the portfolio, pay closing costs, fund leasing costs, and begin construction of an undeveloped site in Hawthorne and Carson, California. Madison was able to complete due diligence and deliver the customized financing solution in just two weeks.