News March 06, 2023

Bisnow Reports: Josh Zegen On Why Many Lenders Are Having Their Own Leverage Problems

Bisnow's Miriam Hall interviewed Josh Zegen, co-founder and Managing Principal of Madison Realty Capital to discuss the big opportunity to lend to other lenders, and stepping in on projects that need some extra capital to cross the finish line. "The biggest challenge amongst the alternative lending universe was a lot were very levered," Zegen said in the episode of Bisnow Reports. "They were levered through credit lines, they were levered through repo facilities, and one of the challenges right now, given the change in the markets, lenders are being asked to buy back loans that may be in default … or de-lever their portfolio."

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