Skip to content
  • Leases
    • Industrial
    • Office
    • Retail
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction
    • Distress
    • Refinance
    • All Finance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All Sales
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All Design + Construction
  • Technology
  • More
    • Analysis
    • Columnists
    • Features
    • Industry
    • Legal
    • Partner Insights
    • Players
    • Research
    • Tenant Talk
    • Transportation
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Videos
    • Power Briefing
    • Leasing + Sales Q&A
    • Design + Construction Q&A
    • On-Demand Events
    • All Videos
  • Weekly Issue
  • Events
  • IMPACT
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Leases
    • Industrial
    • Office
    • Retail
    • All
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Distress
    • Refinance
    • All
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Partner Insights
    • Industry
    • Legal
    • Players
    • Transportation
    • All
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Videos
    • Power Briefing
    • Leasing + Sales Q&A
    • Design + Construction Q&A
    • On-Demand Events
    • All Videos
  • Weekly Issue
  • Events
  • IMPACT
  • 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

© 2023 Observer Media · Terms · Privacy

Finance
New York City

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: JPMorgan Chase’s Al Brooks Gives His 2024 CRE Outlook

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, Bedford-Stuyvesant, Brooklyn, Bruce Eichner, Cascade, JDS Development, Los Angeles, Madison Square Park Tower, New York, Queens, Sponsored, sponsored-link, West Coast, Woodside, Madison Realty Capital
 
Trending Stories
Sales  ·  Residential
California

Afton Properties Pays $114M for SoCal Multifamily Property

Design + Construction  ·  Sales
New York City

Dayssi Olarte de Kanavos On Ritz-Carlton Projects in NYC and South Florida

National

The Challenge for Lenders: Uncertain CRE market driving lenders to superpower portfolio analysis

Finance  ·  Columnists
National

JPMorgan Chase’s Al Brooks Gives His 2024 CRE Outlook

Al Brooks.
Finance  ·  Columnists
National

JPMorgan Chase’s Al Brooks Gives His 2024 CRE Outlook

By Al Brooks
Pasarroyo
Finance  ·  Distress
Los Angeles

SoCal Office Campus Limps to Foreclosure Auction

By Nick Trombola
Sunset Bronson Studios in Los Angeles, California.
Finance  ·  Sales
Los Angeles

Hudson Pacific Sells Studio Debt and Silicon Valley Land for $189M

By Greg Cornfield
More

  • Leases
    • Industrial
    • Retail
    • Office
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Distress
    • Refinance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Industry
    • Legal
    • Players
    • Transportation
  • IMPACT
  • About
    • Membership
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2023 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap