PERE Credit reported that Madison Realty Capital and Newbond Holdings originated a $180 million loan to affiliates of Cain for the acquisition and redevelopment of the Dominick Hotel, a 46-story, 390-key property in Manhattan's SoHo district. The property will be transformed into a luxury condo hotel and rebranded as the Delano SoHo New York, featuring upgraded guestrooms, food and beverage outlets, and enhanced amenities. The transaction reinforces Madison's position as a leading lender for large-scale hospitality projects in premier urban markets, with Cain being a repeat borrower that maintains an institutional-level portfolio including properties in Beverly Hills, Miami Beach, and Boston.

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