Madison Realty Capital and Newbond Holdings have launched Madison Newbond, a hospitality fund with $500 million in initial lending capacity for first mortgages, mezzanine loans and preferred equity.
The $500 million will be increased in line with the opportunity.
The partnership will offer financing programs to new and existing borrowers from limited-service hotels to ultra-luxury resorts and will target opportunities including transitional lending and ground up developments across major metropolitan markets.
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