Madison Realty Capital Provides $71M Construction Loan For Pompano Beach Multifamily

The Multifamily property located at 1621 South Dixie Highway in Pompano Beach spans 260,000 square feet, comprising 228 units. The deal involved a Construction Loan valued at $71,000,000, with Madison Realty Capital providing the financing. The landlord of the property is MAG Real Estate, situated in the vibrant Pompano Beach market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,000,000
• Units: 228
• Square Footage: 260,000
• Address: 1621 South Dixie Highway
• Market: Pompano Beach
• Lender: Madison Realty Capital
• Landlord: MAG Real Estate
• Brokers: Aj Felberbaum, Jay Miller, Spencer Miller & Noah Rothman - BayBridge Real Estate Capital

The brokerage in this transaction was handled by Aj Felberbaum, Jay Miller, Spencer Miller, and Noah Rothman from BayBridge Real Estate Capital, representing the parties involved in securing the Construction Loan for the multifamily property.