Madison Realty Capital's co-founder, Josh Zegen, says the firm is ready to fill the CRE property lending void for the banking industry. Madison Realty Capital seeks to make whole loans, including for construction projects, as well as buy both performing and non-performing debt and provide financing to other lenders, he said. “I think the big challenge right now is, one, the interest rate environment that has brought a huge amount of uncertainty is challenging the investment sales market,” Zegen said in an interview on Bloomberg Television. “That, coupled with a banking crisis that happened about a year ago, still leaves people with PTSD, depositors in particular. Banks traditionally borrowed short and lent long. And that model is broken.”

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