EB-5 developer lands $27M loan

2020/01/16 11:15am

Madison Realty Capital of New York announced a recent $27 million mortgage loan to the local developer of two prominent projects in Seattle and Tacoma. Madison's Josh Zegen said the firm “was able to provide the borrower with a one-stop-shop execution addressing all of their needs, including financing the Tacoma asset mid-construction to prevent significant delays.” The beneficiary wasn't named, but it's EB-5 developer North America Asset Management Group, which is led by Albert Sze.