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:
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.
Alchemy Ventures announced the sale of 310 W. 80th St., a 36-unit residential elevator building on Manhattan’s Upper West Side, to Japan-based Phoenix Co. Ltd. for $24.8 million. Alchemy originally acquired the property in February 2024 for $11.2 million, with the sale representing a significant increase from the company’s acquisition price after a gut renovation. Ian...
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Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens. The loan was originated on behalf of Iris Holdings Group, a national affordable housing preservation and investment firm, and refinances the portfolio’s existing debt while supporting its long-term affordability. The Flushing Preservation Portfolio is comprised...
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Nuveen Green Capital has closed on $23.2 million in C-PACE financing for the ground-up development of The Brickyard in Lebanon, NH, reportedly the first C-PACE transaction ever completed in the state of New Hampshire. The financing, administered through the New Hampshire Business Finance Authority under the state’s newly launched C-PACER Program, closed alongside a $31.5-million senior...
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