Bridge Over Troubled Water: The Evolution of Transitional Lending
The last twelve months sent a shock through the bridge lending and debt investment industry that popped up in the wake of the 2008 financial crisis, and industry veterans are taking stock of what happened in 2020 and putting together a strategy for 2021. “Our experience in going through a financial crisis like 2008 has given us an advantage,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, who emphasized MRC’s flexibility moving forward. “You need as many tools as possible, because in times like these, nothing is as straightforward as when things are rosy.” MRC’s flexibility has allowed it to not only originate loans but also buy and re-work existing debt, keeping it afloat while its peers struggled to meet their commitments.
