Madison Realty Capital provides $53mn construction financing to Heritage Equity Partners

NEW YORK: Madison Realty Capital, a New York City based real estate private equity firm, has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development. The project is located at 875 4th Avenue between 32nd and 33rd Streets, in “South Park…