Denver-based Madison Capital Management has closed on a $45 million loan acquisition for the W South Beach Hotel & Residences under construction in Florida. Madison purchased the B Note loan from Hypo Real Estate Capital Corp., the German company that earlier this year backed out of a deal to fund the Spire condominium project after construction already had begun. The W South Beach project is the first W consisting entirely of residences. It will operate as a hotel as unit owners include
Continue here: Denver company buys W South Beach loan
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