Madison Realty Capital Loans $270M For Brooklyn Project
Law360, Los Angeles (July 14, 2017, 3:11 PM EDT) -- Developer All Year Management has scored $270 million in construction financing from Madison Realty Capital for a residential and retail project in Brooklyn, according to an announcement from Madison Realty on Thursday.
The loan is for a project in Bushwick, Brooklyn, at the site of the former Rheingold Brewery.
All Year Management is planning to develop a pair of buildings there that will have a combined more than 1 million square feet of space, 911 residential units, 533 parking spaces and 20,650 square feet of retail space.
"This transaction presented a great opportunity for MRC. We know the borrower well, having...
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