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January 16, 2020

EB-5 developer lands $27M loan

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.

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