Madison Realty Capital backs acquisition of Brooklyn hospital portfolio

Madison Realty Capital (MRC) has provided a $107m first mortgage loan to Fortis Property Group for the acquisition of the former Long Island College Hospital (LICH) site in the Cobble Hill neighborhood of Brooklyn. The loan backs 357,000 sq ft of former LICH retail, medical office, townhouses and development sites. Fortis plans to redevelop the former hospital […]