Madison Capital Group Secures $60 Million Loan For Multifamily Development In Bradenton

The property involved in this transaction is a multifamily development located at 303 301 Blvd W. in Bradenton, comprising a total of 240 units. The total loan amount raised for this development is $60,000,000, which includes a $47,000,000 senior loan from Peachtree Group and a $13,000,000 mezzanine loan from Hickory CRE.

Summary of transaction details:

• Property Type: Multifamily Development
• Transaction Amount: $60,000,000
• Units: 240
• Lender: Peachtree Group & Hickory CRE
• Developer: Madison Capital Group
• Brokers: Alec Fox & Edmund Aramayo - Berkadia
• Loan Type: $47M Senior Loan and $13M Mezzanine Loan

Alec Fox and Edmund Aramayo, both from Berkadia, played key roles as the brokers in this transaction. Their involvement facilitated the structuring and securing of the financing for the multifamily development, ensuring a cohesive deal was established between the lenders and the developer, Madison Capital Group.