Madison Capital Obtains $223M Bridge Loan for 5 SE USA Apartments
Madison Capital Group inked a $223 million bridge loan for five multifamily communities in the Carolinas and Florida.
Walker & Dunlop Capital Markets Real Estate Finance arranged the loans with multiple debt fund lenders for multifamily assets located throughout North Carolina, South Carolina, and Florida. Led by Walker Layne, Austin Sneed and Tyler Evenson, the five financings closed over the past nine months, totaling 1,345 units, and highlight continued liquidity for well-positioned multifamily properties in high-growth Sun Belt markets.
The portfolio includes:
- The Caroline | Indian Land, South Carolina
- Madison Shores | Pensacola, Florida
- Madison at Ashley Park | Charlotte, North Carolina
- Madison Wakefield | Raleigh, North Carolina
- Madison Fountains | St. Johns, Florida
Collectively, the financings were secured by market-rate multifamily communities located near major employment centers, transportation corridors, and retail destinations throughout the Southeast. The bridge loan structures provide Madison Capital Group with additional flexibility as the firm continues to execute its multifamily investment strategy across high-growth markets.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout