Top 10 Multifamily Financing Trends for 2021
Multi-Housing News caught up with Madison Realty Capital Managing Principal and Co-Founder Josh Zegen for their feature on the top 10 multifamily financing trends this year. With another cycle under his belt, Zegen is confident about his firm’s strong multifamily investment position moving into 2021, and has wasted no time putting that money to work with recent transactions in New York, Boston, Los Angeles, South Florida, and New Jersey. In the fourth quarter alone, Madison closed a $165 million construction loan for a Boston apartment building next to Fenway Park and a $173 million construction loan for an apartment building in Chelsea. Madison Realty Capital raised over $1.1 billion with it’s new debt investment vehicle in 2020, which will deploy a strategy to target lighter value-add and core-plus real estate transactions with a greater focus on income generation with rates of 4% to 7.5%.