Madison Realty Capital.Madison Realty Capital is pleased to announce the following transactions: * A $17.8 million loan for the construction of a condo development in New Bern Bern or Berne (1990 pop. 136,338), the capital, is also the capital of Switzerland. Situated within a loop of the Aare River, the city is a university, administrative, transportation, and industrial center. Its manufactures include precision instruments, textiles, machinery, chemicals and pharmaceuticals, and chocolate., N.C.; * A $7 million loan to assist with an upscale residential development in East Hampton, N.Y.; * A $1.1 million refinance and cashout Cashout Occurs when a firm runs out of cash and cannot readily sell marketable securities. on light industrial space in Brooklyn, N.Y.; * A $2.65 million loan for commercial space in Panama City, Fla.; * A $1.9 million acquisition loan on a Holiday Inn in Bay City Bay City. 1 City (1990 pop. 38,936), seat of Bay co., S Mich., a port of entry on the Saginaw River at its mouth on Saginaw Bay (an inlet of Lake Huron); inc. 1859 with the consolidation of several settlements along the river. Its harbor handles Great Lakes and ocean shipping. Bay City is the industrial, marketing, and transportation center of a rich farm area that yields sugar beets, potatoes, and dairy products. Shipbuilding is also important., Mich.; * A $1.2 million loan to refinance and improve a tennis/country club in Augusta, Ga. |
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