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BK, Queens Projects Among MRC’s $1.3B in YTD Deals

Major projects in Brooklyn and Queens were among the beneficiaries of the more than $1.3 billion in financings and note purchases closed by Madison Realty Capital year to date through late July.

Among the deals were a $50-million first mortgage for a mixed-use condominium development in the Broadway Triangle neighborhood of Brooklyn, and a $30-million first mortgage for a mixed-use development at the site of the former RKO Keith’s Theater in Queens.

YTD, MRC has closed deals across six states—including New York, New Jersey, Texas, Florida, California and Massachusetts—and encompassing all major asset classes.

The firm’s debt investment platform focuses on originating senior-secured loans, mezzanine loans and preferred equity investments in the middle-market along with performing note purchases and acquiring non-performing loans.

“We continue to see a steady pipeline of opportunities with little to no signs of a slowdown,” said Josh Zegen, co-founder and managing principal of MRC.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing