Alston & Bird Guides $85M Citi Loan For Brooklyn Buildings

Law360 (January 10, 2020, 5:08 PM EST) -- Alston & Bird LLP represented a Citi unit in connection with its $85 million loan to a pair of entities affiliated with private equity shop Madison Realty Capital for two residential properties in Brooklyn, according to records made public in New York on Friday.

The loan from Citi Real Estate Funding Inc. is for 490 and 504 Myrtle Ave., which are located in Brooklyn's Clinton Hill neighborhood. The Classon Avenue and Clinton-Washington Avenues G train subway stations are nearby, to the south, and Interstate 278 is a block north of the properties.

Madison Realty Capital couldn't be immediately reached for comment on...

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