Madison Realty Capital’s Josh Zegen On Staying Nimble in a Down Market
Commercial Observer interviewed Madison Realty Capital managing principal and co-founder, Josh Zegen, who's firm closed nearly $3 billion in origination volume in 2022 despite contending with volatile market conditions and rising interest rates for much of the year. Madison executed 35 total transactions nationally in a variety of property sectors with deal sizes ranging from $12 million to $315 million. A large composition of its lending activities (roughly $1.8 billion) came from repeat borrowers and brokers, Zegen told Commercial Observer. Madison received a strategic minority investment last year from Iconiq Investment Management and also grew its lender financing strategy, sourcing more than $137 million in loan-on-loan financing for a number of alternative lenders.