News June 28, 2021

Madison Realty lays out deployment plans for $1bn fund

Real Estate Fund Intelligence caught up with Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, to discuss the deployment plan for its $1BN core-plus and lighter value-added debt fund that launched in November. The rates of approximately 4% to 6% are aimed at maintaining lending flexibility, giving Madison “the opportunity to provide cheaper financing for a lower position in the capital stack,” according to Zegen. Three loans totaling $157.5 million have already been originated from Debt Fund V, including financing for an 885-bed student housing property in Northern California. Madison is planning to remain market agnostic with future loans not limited to any one market or property type, though the firm will continue to favor multifamily and office lending.