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Madison Realty Capital Originates Loans on Two TTLC Projects
Madison Realty Capital (MRC) originated two loans totaling $77 million to The True Life Companies (TTLC) on Bay Area projects. The private equity firm first originated a $45-million loan for the acquisition and construction of 50 townhomes and 8,000 square feet of retail at 166-176 E. Fremont Ave. in Sunnyvale.
Additionally, the firm originated a $32-million loan to TTLC and 621 Capital to develop 55 townhomes at 27177 Mission Blvd. in Hayward.
Josh Zegen, MRC managing principal and cofounder, noted that although demand for single-family homes is expanding along with major Bay Area employers, “new housing is limited as a result of lengthy entitlement processes and restrictions on new development. We are pleased to further our presence in the Bay Area to originate flexible financing solutions for TTLC, an experienced residential developer, who successfully navigated complex entitlement processes to deliver competitively priced, attractive townhomes in high barrier to entry markets.”
- ◦Financing


