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Madison Realty Capital Provides $450M Construction Loan For Mixed-Use Development In Downtown Brooklyn

625-635 Fulton Street
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This Mixed-use property located in NY received a loan of $450,000,000 over 2 years ago. The broker of the deal was Henry Bodek

Located at 625-635 Fulton Street in Downtown Brooklyn, this mixed-use development spans a total of 1,800,000 square feet. The property is the subject of a closed transaction, with the landlord being the esteemed Rabsky Group.

Summary of transaction details

  • Property Type: Mixed-use Development
  • Transaction Amount: $450,000,000
  • Loan Type: Construction Loan

In terms of financing, the loan for this project was provided by Madison Realty Capital, with Josh Zegen representing the lender. The loan amount stands at $450,000,000. The broker involved in the deal is Henry Bodek from Galaxy Capital.

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Deals
  • Location
    625-635 Fulton Street, Brooklyn, NY, USA625-635 Fulton Street, Brooklyn, NY, USA
  • Loan Value
    $450,000,000$450,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Henry Bodek

Henry Bodek

Deals39
Financed$5.4B

Madison Reality Capital

Madison Reality Capital

Lender
Deals75
Volume$ 277.8B

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Deal Summary

LOAN IMAGE: Josh Zegen DATE: 09/03/2021 ADDRESS: 625-635 Fulton Street MARKET: Downtown Brooklyn ASSET TYPE: Mixed-use Development~ SF: 1,800,000 LENDER: @MadisonRealtyCapital - Josh Zegen LANDLORD: @RabskyGroup BROKER: @Henry_Bodek - Galaxy Capital LOAN AMOUNT: $450,000,000 LOAN TYPE: Construction Loan

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625-635 Fulton Street

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