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NEW YORK CITY — Madison Realty Capital (MRC) has provided $37 million in financing for a 92-unit residential conversion project in the Williamsburg neighborhood of Brooklyn. MRC provided financing to the borrower to complete redevelopment of two properties — a church and the adjacent school building, formerly owned by the Roman Catholic Diocese of Brooklyn — and retire existing debt on the property. The 92-unit, 78,773-square-foot project will convert the church building into 38 residential units, while the school building will be repositioned as a 54-unit apartment complex. Rushmore Capital Partners advised on the transaction.