Madison Realty Capital Provides $162.8M Construction Loan For Dumbo Development Site

30 Front Street in Dumbo has been the subject of a recent closed property transaction. The development site, owned by Fortis Property Group, attracted the attention of lenders for its potential. Madison Realty Capital provided a construction loan of $162,800,000 to support the development of this prime Dumbo location.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $162,800,000
• Address: 30 Front Street
• Market: Dumbo
• Lender: Madison Realty Capital
• Landlord: Fortis Property Group
• Loan Type: Construction Loan

The deal was facilitated by Josh Zegen and Jonathan Landau, representatives from Madison Realty Capital. They worked closely with Fortis Property Group to secure the construction loan and ensure the smooth progress of the development project at 30 Front Street.