Skip to content
  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Land
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction Financing
    • Distress
    • Refinance
    • Deals of the Week
    • All Finance
  • Investments
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All Sales
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All Development
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All Capital Markets
  • Tech
  • Weekly Issue
  • Events
  • Power
  • More
    • Players
    • Legal
    • Policy
    • Features
    • Research & Analysis
    • Columnists
    • Partner Insights
    • Transportation
    • Videos
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Industry
  • Residential
    • Multifamily
    • Homebuilding
    • Condo
    • Hotel Condo
    • Student Housing
    • Single-Family Rental
    • Short-Term Rental
    • Senior Living
  • Office
    • Coworking
    • Flex
  • Retail
    • Shopping Centers
    • Outlet/Factory Malls
    • Supermarkets/Grocery Stores
    • Showrooms/Dealerships
    • Street Retail
  • Industrial
    • Data Centers
    • Distribution Centers
    • Industrial Outdoor Storage
    • Manufacturing
    • Self-Storage
    • Studios/Soundstages
    • Warehouse
  • Hospitality
    • Casinos
    • Convention Centers
    • Hotel/Resort
    • Restaurants
  • Land
    • Farm Land
    • Parking Lots
  • Healthcare
    • Hospitals
    • Medical Offices
    • Nursing Homes & Assisted Living
  • Life Sciences
  • Special Purpose
    • Air Rights
    • Arenas/Stadiums
    • Development Rights
    • Educational
    • Government/Military
    • Museums
    • Place of Worship
    • Theaters
  • Infrastructure
    • Airports
    • Bridges/Tunnels
    • Highways
    • Railways
  • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
    • Deals of the Week
    • All
  • Investments & Sales
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All
  • Technology
  • Policy
    • Housing
    • Transportation
    • Urban Planning
    • Zoning
  • Legal
  • Weekly Issue
  • Events
  • Power Series
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Partner Insights
    • Players
    • Videos
  • Advertise
  • Contact
  • Reprints
  • Newsletters
  • Power Finance
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
  • © 2025 Observer Media · Terms · Privacy

Finance   ·   Private Credit
Los Angeles

Presented By: Madison Realty Capital

Madison Realty Capital Closes $1.1B Debt Fund, Actively Investing Nationwide

By Madison Realty Capital May 13, 2019 9:06 am
reprints
From left: Adam Tantleff, Brian Shatz and Josh Zegen


This article was originally published by Commercial Observer. 

Alternative lender Madison Realty Capital capped a busy year with the closing of a $1.1 billion debt fund, the group announced earlier in April.

That was the fourth debt fund for Madison Realty Capital and launched in 2005 with $10 million in capital.

SEE ALSO: $236M West Palm Beach Bond Issue to Fund 25-Story College Dorm

In 2018, the 70-person firm originated $2.5 billion in deals across a variety of asset classes. A substantial number of those were for luxury condominium developments, an asset class that to some degree has fallen out of favor among lenders—including a $90 million preferred equity investment in JDS Development’s supertall at 111 West 57th Street; a $168 million senior and mezzanine loan on Ian Bruce Eichner’s Madison Square Park Tower; and a $100 million construction loan on a seven-building condo development in Bedford-Stuyvesant, Brooklyn called the Cascade.

In addition to the blockbuster loans, the company expanded outside New York for the first time, opening an office in Los Angeles to service the West Coast.

“We saw a real need for our special-situation financing. We found that it’s a growing market, a very diverse market, with very few capital advisers that do what we do here out there,” Zegen said. “Looking back, our thesis was true.”

On the equity side, Madison Realty Capital secured a rezoning approval for a mixed-use development in Woodside, Queens. The development, at 69-02 Queens Boulevard, will include a school and affordable housing.

111 West 57th Street, 69-02 Queens Avenue, Bruce Eichner, Cascade, Madison Square Park Tower, Sponsored, sponsored-link, West Coast, Woodside, JDS Development Group, Madison Realty Capital
 
Trending Stories
Hospitality · Development
National

Outer Space — Hospitality’s Final Frontier?

Residential · Policy
New York City

Harlem Rezoning That Could Spur 1,000 Apartments Advances

Mixed-Use · Policy
New York City

MTA Looks to Take Over East Harlem Properties for Second Avenue Subway Project

Residential · Finance
Florida

$236M West Palm Beach Bond Issue to Fund 25-Story College Dorm

Jason Sizemore of Gilbane Building; Jeffrey Resetco of Gilbane Development, and a rendering of a student housing project in West Palm Beach for Palm Beach Atlantic University.
Residential · Finance
Florida

$236M West Palm Beach Bond Issue to Fund 25-Story College Dorm

By Jeff Ostrowski
Berkadia's Scott Wadler and The Pointe at Carrollwood in Tampa, Fla.
Residential · Finance
Florida

Berkadia Leads $38M Recap for Tampa Apartments

By Andrew Coen
BFC Partners's Donald Capoccia, Joseph Ferrara, and Winthrop Wharton, and a rendering of 1709 Surf Avenue.
Residential · Finance
New York City

BFC Partners Closes on $250M Construction Loan for Coney Island Development

By Isabelle Durso
More

  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Infrastructure
    • Mixed-Use
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
  • Investments
    • Development Site
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
  • Technology
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Legal
    • Players
    • Transportation
  • About
    • Membership
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2025 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap