News January 20, 2021
Madison Realty Capital Lends $74M on NJ Multifamily, Industrial and Retail Portfolio
Madison Realty Capital has closed another deal in New Jersey, extending a $73.5 million loan to a local developer of eight multifamily, industrial, and retail properties around the Garden State. “This transaction is emblematic of Madison Realty Capital’s ability to support local borrowers by delivering certainty and execution in a timely manner,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, whose firm closed another seven-figure loan for a multifamily development in Brooklyn just last week. The New York-based debt investment firm has been active in New Jersey since inception, including a pair of large construction loans in 2018 and 2019 for multifamily developments in Harrison and Jersey City.