News August 02, 2021
Madison Realty Capital Lends $13M for Austin Development Site
Commercial Observer reported that Madison Realty Capital extended a $13 million loan for a multifamily development in Austin, Texas. “Austin is experiencing a period of tremendous economic expansion,” said Josh Zegen, Managing Principal and Co-Founder of Madison, a leading private debt investment firm based in New York City with offices in Los Angeles and Miami. “We are pleased to support an institutional JV comprised of highly reputable borrowers and leading local developers with deep ties to the Austin community.” When complete, the project will bring 400 residential units and 100,000 square feet of office space as well as a hotel and ground-level retail space to the booming South Congress Avenue corridor.