New York, Nov 13 (Bernama-GLOBE NEWSWIRE) —Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $50 million loan for Invesca Development Group (“Invesca”) to refinance the ENVY, a 214-unit, 11-story luxury rental building, in Pompano Beach, Florida.
Madison originally provided Invesca, a best-in-class developer, with a $102 million construction loan for the ENVY and another Invesca property, Pixl Apartments in Plantation, Florida, in April 2020.