K&F represents Madison Realty Capital in making $29.4 million bridge loan for former site of Parkway Hospital

K&F attorneys Jerold Feuerstein and John Hayes represented Madison Realty Capital in making a $29.4 million in bridge loan to the joint venture for its purchase of the former Parkway Hospital in Forest Hills, which will be redeveloped into a residential complex.

Madison Realty Capital provided the floating-rate loan to SYU Properties, Top Rock Holdings and RJ Capital, which closed last month on the long-shuttered property at 70-35 113th Street. The purchase price was $31.7 million for the 360,000-square-foot lot. Read more>>