Madison Realty Capital (MRC) originated a $210 million construction loan for the development of the Four Seasons Hotel and Private Residences located at 525 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale, Fla.
MRC sourced the deal directly with high-profile developer Fort Partners, which will use the financing to complete vertical construction on the 22-story development. The property will feature 148 hotel rooms and 83 residential condominium units, of which 60 percent have been pre-sold.
“This highly reputable sponsor has extensive expertise in real estate development and management along with a long track record of success with luxury residential, hospitality and mixed-use projects,” said Josh Zegen, co-founder and managing principal of MRC. “The relative dearth of five-star hotels and luxury residential units of this quality in Fort Lauderdale also drew us to the project. As demonstrated by the outstanding presale success and strong local reception, we ant
