Naftali Credit Partners And Madison Realty Capital Provide $75 Million Loan To New Empire Corp. For Brooklyn Condo

The property asset involved in this transaction is a condo located at 757 Flatbush Avenue in Brooklyn. The construction loan provided amounts to $75,000,000, which includes a $58 million senior loan and a $17 million mezzanine facility aimed at refinancing land debt and funding remaining construction costs.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $75,000,000
• Lender: Naftali Credit Partners & Josh Zegen - Madison Realty Capital
• Landlord: New Empire Corp.
• Loan Type: Construction

Key individuals involved in the deal include Naftali Credit Partners and Josh Zegen representing Madison Realty Capital, who facilitated the financing for New Empire Corp.’s condo development project.