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Byline Bank CRE Group Funds $13.67M Construction Loan

Article published: May 22, 2023 by Leslie Kaufman, Community Contributer, an online network of community news sites, recently featured Madison Capital. Click here to read the full article.



Byline Bank’s Commercial Real Estate team has provided a $13.67 million construction loan to Madison Capital Group, a Charlotte, NC -based real estate developer with offices in Newport Beach, CA.

Madison Capital Partners will use the funds to develop a new construction self-storage property, located at 15932 Minnesota Ave. in Paramount, California (Los Angeles County). The infill project will total 845 units, including 841 temperature-controlled units and 4 non-temperature-controlled units. The property will be managed by Madison Capital Partners’ self-storage brand Go Store It. Madison will demolish an existing and obsolete industrial property on the site to make way for the self-storage facility.



About Madison Capital, LLC

Madison Capital Group is a vertically integrated real estate investment firm that owns, operates, acquires and develops suburban multifamily properties and self storage facilities. Madison is active in 13 states and is focused on expanding its footprint throughout the Sunbelt. Currently, Madison has over 2,000 apartment units under development or in planning and owns more than 60 self storage assets under the Go Store It banner.

Click here for more information on Madison.