Madison Park Financial Corporation (MPF) is a real estate developer, investor, operator and asset manager. MPF was formed in 1985 to create value through the development and management of real estate. The company seeks value-added development opportunities, as well as existing income producing assets. MPF is responsible for all development activity, in addition to leasing and on-going property management services for its projects.

All together, MPF and its related entities own and manage approximately $250 million in assets.

MPF's properties offer spaces to meet the varied needs of Bay Area residents, ranging from traditional apartment living and live/work spaces, to office and industrial space.

Whether you are looking for a place to call home, a place to do business, or both; you will find what you are looking for with Madison Park Financial.

Developer Sees Hopeful Signs for Apartment Work

Oakland-based developer John Protopappas of Madison Park Financial Corp. believes the time is right to start building new apartment communities locally and perhaps elsewhere. Not only are construction costs currently low, rents are stabilizing and no competing apartments are under construction in his home market. A tight credit market, though, has scuttled many apartment development plans in the last three years. Protopappas is hopeful, though, because the lending climate appears to be loosening up for multifamily housing in particular. For example, he recently refinanced a completed Oakland apartment community at 5.03 percent. Protopappas comments, "The lending climate is much more positive. It's a better climate now than I've seen in the last three years."

San Francisco Business Times - 08/13/10 - Full Article

San Francisco Business Times - Real Estate Deals of the Year - Finalist

Legions of investors have been waiting for distressed commercial properties like 901 Jefferson St. in Oakland to hit the market, but few have. The 75-unit property, called Dwell, had been foreclosed on by KeyBank and developed by the now-bankrupt market-rate arm of AF Evans for $33 million as for-sale, workforce housing. Several bidders had their eyes on the building, including one that went into escrow and then bowed out. That made room for Madison Park Financial Corp. to swoop in and buy the project for $14.5 million.

“I think we got a good deal,” said John Protopappas, head of Madison Park. “It’s rare that you’re going to see projects sell substantially below their intrinsic value.” Madison Park’s advantage was capital. The firm put down 41 percent of the cost, a much thicker slice of equity than buyers were accustomed to making. It borrowed the rest from California Bank and Trust. “There seems to be more confidence in lending this year than last year,” Protopappas said. “However, prices are still depressed and buyers and investors still have to invest a substantial amount of equity. You just can’t put down 20 or 30 percent.” Protopappas put Dwell on the market as apartments in fall of 2009, and it was almost fully leased within six months.

San Francisco Business Times - 03/26/10 - Full Article