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SOURCE Madison Realty Capital
Buys 7 Loans With Aggregate Principal Balance of $24.48 Million
NEW YORK, Oct. 7, 2013 /PRNewswire/ -- Madison Realty Capital (MRC), an institutionally backed commercial real estate investment firm and asset manager specializing in flexible debt and equity financing solutions for middle-market transactions throughout the United States, announced its purchase of a portfolio of 7 loans from CapitalOne. The aggregate principal balance of the loans is $24.48 million.
Joshua Zegen, Co-Founder and Managing Member of MRC, made the announcement.
"We continue to do repeat business with multiple counterparties in the loan purchasing arena," Mr. Zegen said. "With this transaction, we're pleased to continue expanding our relationship with CapitalOne. 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."
MRC purchased loans on the following properties:
About Madison Realty Capital (MRC)
Founded in 2004, Madison Realty Capital is an institutionally backed commercial real estate firm specializing in flexible debt and equity financing solutions for middle-market transactions throughout the United States. MRC invests in the multifamily, retail, office and industrial sectors and has completed in excess of $1.2 billion of transactions in 28 states to date. MRC's vertically integrated platform encompasses origination, servicing, asset management, property management and construction management expertise to maximize the value of its investments.
Read more news from Madison Realty Capital.
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