Madison Realty Capital Provides $48M Loan For Office Building At 3 St. Mark's Place, East Village

Josh Zegen provided an image of the property located at 3 St. Mark's Place in the East Village market. The asset is an office space with a total square footage of 68,224.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $48,000,000
• Lender: Madison Realty Capital
• Landlord: Real Estate Equities Corporation
• Loan Amount: $48,000,000
• Additional Financing: $31,100,000

Hana, represented by Madison Realty Capital, issued a $48 million senior loan to Real Estate Equities Corporation (REEC). Additionally, Hana provided $31.1 million in mezzanine financing to REEC, bringing the total amount lent by Hana to $79.1 million.