Madison Park Funding XXIV directed to redeem notes by Sept. 30

By Sarah Lizee

Olympia, Wash., July 16 – Madison Park Funding XXIV, Ltd./Madison Park Funding XXIV, LLC received written direction from holders of the required amount of its subordinated notes to redeem one or more classes of its secured notes from refinancing proceeds, according to a notice.

The redemption will take place on or before Sept. 30.

Holders of the class A, B, C-1, C-2, D and E notes and the subordinated notes were notified.

U.S. Bank NA is the trustee.

New York-based Credit Suisse Asset Management, LLP is the collateral manager.

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