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Home›Real Estate›Residential›Madison Realty Capital, Red Cove Lend $132M for Seattl…

Madison Realty Capital, Red Cove Lend $132M for Seattle-Area Apartments Build

Reported · Written up by our desk · Residential

A joint venture between the Behar Company and HB Management has sealed $131.9 million of construction financing to build a multifamily development in a suburb north of Seattle, Commercial Observer has learned. Madison Realty Capital supplied a $97.5 million construction loan while Red Cove Capital provided $34.4 million of mezzanine debt for the sponsorship’s 411-unit […]

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Sources

Commercial ObserverMadison Realty Capital, Red Cove Lend $132M for Seattle-Area Apartments Build

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