Madison Realty Capital Provides $55M Construction Loan For Edgewater Development Site

A development site located at 430 NE 31st Street in Edgewater has secured a $55,000,000 construction loan. The loan was provided by Madison Realty Capital, with Josh Zegen representing the lender. The property is owned by Grupo Diana, with Jaime Murra and Korner SAS acting as the landlords. Melissa Rose and Jesse Wright from JLL served as the lender's representatives, while Building Block Realty represented the landlord.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Address: 430 NE 31st Street, Edgewater
• Market: Edgewater
• Lender: Madison Realty Capital
• Lender's Representative: Melissa Rose & Jesse Wright - JLL
• Landlord: Grupo Diana
• Landlord's Representative: Building Block Realty
• Loan Type: Construction Loan

Jesse Wright, Josh Zegen, Jaime Murra, and Melissa Rose played key roles in facilitating this transaction.