Madison Capital Group has secured a $223 million bridge loan backed by a five-property multifamily portfolio spanning the Carolinas and Florida, underscoring ongoing lender appetite for stabilized rental assets in fast-growing Sun Belt markets. The financing provides the firm with added flexibility as it advances its broader multifamily investment strategy across the region.
Walker & Dunlop Capital Markets Real Estate Finance arranged the debt package with multiple debt fund lenders. The team, led by Walker Layne, Austin Sneed and Tyler Evenson, closed the five separate financings over the past nine months. In aggregate, the loans are secured by 1,345 market-rate units spread across key growth corridors in North Carolina, South Carolina and Florida.
The portfolio includes The Caroline in Indian Land, South Carolina; Madison Shores in Pensacola, Florida; Madison at Ashley Park in Charlotte, North Carolina; Madison Wakefield in Raleigh, North Carolina; and Madison Fountains in St. Johns, Florida. While each asset is financed individually, the combined execution demonstrates that debt funds remain active providers of bridge capital for well-located multifamily communities.
According to Walker & Dunlop, the properties are positioned near major employment centers, transportation corridors and established retail destinations throughout the Southeast. These location fundamentals, paired with the portfolio’s scale, supported lender interest and helped facilitate the close of all five transactions within a relatively short window.
The newly originated bridge loans are designed to give Madison Capital Group additional operational and capital-structure flexibility. That flexibility may include time to further execute business plans at the asset level or to evaluate future capital events while maintaining leverage in line with lender requirements. The structure reflects how sponsors and lenders are using short- to mid-term bridge solutions to navigate an evolving interest rate and transaction environment.
The execution also highlights that, despite a more selective lending backdrop, capital remains available for multifamily borrowers that can present institutional-quality product in growing Sun Belt markets. With this financing in place, Madison Capital Group has locked in substantial interim capital across a diversified Southeast portfolio while debt funds continue to compete for sponsorships aligned with long-term demographic and demand drivers.
