Madison Realty Capital, New York, has purchased seven loans from Capital One, totaling $24.5 million. Other terms of the deal were not disclosed.
Among the loans purchased were for an under-construction mixed-use development in Brooklyn, a condominium in Manhattan with six units left for sale, a residential condominium and six-story parking structure, retail condominium and underground parking garage, and a retail condominium in a Manhattan residential high-rise.
Joshua Zegen, managing member of
"With this transaction, we're pleased to continue expanding our relationship with Capital One. We have served as a reliable off-market purchaser providing certainty of execution, and our counterparties have rewarded us by working with us on new deals."
