News January 21, 2021
Madison Realty Capital provides $34M loan-on-loan for Warner Center redevelopment
Madison Realty Capital continues its westward expansion with a $34 million loan-on-loan financing to close out existing debt and reposition a recently-vacated office tower in Los Angeles. The New York-based debt investment firm has also closed similar deals in New Jersey and the Empire State as part of Madison Realty Capital’s newest billion-dollar, income-oriented lending vehicle, which enhances their product offering to meet the increasingly diverse needs of borrowers by targeting lighter value-add and core-plus real estate transactions backed by both performing and non-performing loans. The 13-story Woodland Hills tower is owned by TA/Warner Center Investors LLC and will be repositioned into a new multifamily development now that the original CMBS loan has been closed.