Madison Realty Capital Closes $127M Fort Lauderdale Refinancing

Madison Realty Capital has closed a $127 million construction takeout loan for The Arcadian, a residential development in Fort Lauderdale, according to a transaction brokered by Berkadia.

The refinancing package was arranged by Berkadia's Brad Williamson and Scott Wadler, who represented the borrower in securing the construction exit financing. The deal represents a substantial capital commitment to Fort Lauderdale's ongoing residential development pipeline.

Construction takeout loans are specialized financing instruments that replace interim construction debt once a project reaches substantial completion or meets specific milestones. These permanent or bridge loans allow developers to transition from higher-cost construction financing to more favorable long-term debt structures, often providing breathing room to complete lease-up or sales activities.

The Arcadian represents one of several major residential projects reshaping Fort Lauderdale's skyline as the city experiences sustained population growth and housing demand. South Florida has emerged as a prime destination for both domestic migration and international investment, driving robust development activity across multifamily, condominium, and mixed-use projects.

Madison Realty Capital, a New York-based real estate investment firm, has maintained an active presence in South Florida's commercial real estate finance market. The firm specializes in transitional and value-add lending across multiple property types, with particular focus on markets experiencing strong fundamentals and demographic tailwinds.

Berkadia, a joint venture between Berkshire Hathaway and Jefferies Financial Group, operates as one of the nation's leading commercial real estate finance platforms. The firm's South Florida team has arranged billions in financing for residential and commercial properties throughout the region, leveraging relationships with institutional lenders, private equity firms, and specialty finance companies.

Fort Lauderdale's residential market has shown resilience despite broader economic headwinds, supported by limited new supply relative to demand, favorable tax policies, and lifestyle amenities that continue attracting affluent residents from higher-cost markets. The city's waterfront location, proximity to Miami, and business-friendly environment have positioned it as a growth market for developers and investors alike.

The $127 million financing follows a pattern of substantial debt placements across South Florida's coastal markets, where lenders remain confident in the region's long-term prospects. As construction costs stabilize and interest rates find equilibrium, developers with well-located projects are finding renewed access to competitive financing terms.

The transaction also reflects the ongoing importance of experienced capital markets advisors in navigating today's lending environment, where relationship access and deal structuring expertise can significantly impact financing outcomes for developers seeking to complete ambitious projects.