Madison Palm Coast Investors Pref II acquires second-priority Class A-2 preferred membership interests in Madison Palm Coast FL, LLC, developer of a planned 246-unit Class A multifamily community in Palm Coast, Florida. Madison Capital Group Holdings serves as both Sponsor and Manager. This is a ground-up, single-asset development offering subordinate preferred equity within a Sponsor-affiliated capital stack. The Company sits behind an anticipated construction loan and a Sponsor-affiliate first-priority preferred class, ahead of a relatively thin (~19%) common-equity cushion. Returns depend on successful construction and lease-up, targeting sale or refinance of the Property within 3–4 years of construction start.