Madison Realty Capital Originates Million Transitional Loan for Lease-Up of Luxury Apartment Complex in Summerville, South Carolina
NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and eq...
NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that the firm has provided a $44 million loan to McKee Homes, a Raleigh, North Carolina-based home builder and developer, and the Huff Family Offices, for The Palms at Edgewater, a 288-unit multifamily apartment complex in Summerville, South Carolina. Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, 'The Palms at Edgewater deliver a unique and newly developed multifamily residential option for Summerville's rapidly growing market.