Madison Realty Capital (MRC), an institutionally-backed, private commercial lender which provides short-term, commercial real estate loans, today announced it has originated more than $500 million in loans.
"With the subprime contagion now affecting the commercial space, many developers have discovered they need fast and reliable access to short-term bridge loans," said Josh Zegen, Managing Partner and Co-Founder. "Our strong capital position has allowed us to maintain liquidity in this difficult environment so we can take advantage of the many opportunities that we are seeing. Our deal flow has accelerated over the last two quarters, which we anticipate will continue into 2008."
MRC's specialty is in providing short-term loans ranging from $1 million to $50 million with one to three year terms. With more than 50 years of combined experience, the partners at MRC have the knowledge and experience to find creative solutions for even the most problematic situations.
"The current credit environment has led traditional lenders to significantly pull back from many deals, leaving borrowers looking for alternative sources of funding," Zegen said. "By quickly turning around loans that would take traditional lenders months to complete, we are providing our borrowers with the ability to complete their transactions more efficiently."
MRC has originated loans all across the country for projects in; retail, multi-family, office, hotel, industrial, land and specialty properties.
Recent MRC financings include: a $25 million loan backed by a 21,000 square foot historic townhouse in Manhattan; a $4.45 million refinancing of a hotel in Orlando, FL; a $3.2 million purchase of an apartment complex in Lexington, KY; and a $2.8 million refinance for a municipal warehouse complex in Brooklyn, NY.
For further information about MRC, please contact Adam Tantleff, Managing Partner, at 646-442-4135 or adam@madisonrealtycapital.com.
