BLDUP Newsletter

Madison Realty Capital Update 02/18/21

Madison Realty Capital Closes on $479M In Construction Loans for Two of Boston's High Profile Projects

Madison Realty Capital is a fully integrated real estate private equity firm focused on debt and equity investment strategies, with offices in New York City, Los Angeles, and Dallas and has closed on more than $13 billion in transactions across the US in the multifamily, retail, office, industrial and hotel sectors since its founding in 2004. The firm manages investments in the US on behalf of a global investor base. The firm has a strong presence in Boston having financed several high-profile developments, providing construction loans totaling $479M in the last 19-months alone.

In November 2020, Madison Realty Capital provided a $165M financing package for the mixed-use project at 1252-1270 Boylston Street, demonstrating the firm’s ability to provide certainty of execution, and efficient, flexible financing, particularly during a difficult lending period. Developed by Scape and approved in January 2020, the building will include 451 rental units plus a new 10,000-square-foot performing arts venue geared towards featuring LGBTQ-centric artists.

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In 2019, Madison provided a $314M first mortgage loan for Raffles Boston Back Bay Hotel & Residences, which is now under construction and beginning to go vertical. The 33-story tower, which will include 146 luxury condos and 147 hotel keys, will be the first mixed-use property in North America for the world-renowned and iconic hospitality brand and is set to open in 2022.

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