Madison Realty Capital completed the acquisition of a portfolio of six loans from a large commercial bank.
The aggregate principal balance of the purchased loans, secured by six different multifamily and mixed-use properties owned by the same borrower, was approximately $18 million.
The single-borrower package of loans consists of properties located in the boroughs of Brooklyn and Bronx, N.Y.
MRC is an institutionally-backed commercial real estate firm specializing in flexible debt and equity financing solutions for middle-market transactions across the U.S. The New York-based company invests in the multifamily, retail, office and industrial sectors and has completed more than $1.4 billion of transactions in 28 states to date.
“Unlike many debt purchasers, we’re willing and able to take down whole portfolios that are diverse in terms of location and property type,” said Brian Shatz, co-founder and managing member of
