Madison Realty Capital Tops $350M for 2007

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NEW YORK CITY-Locally based Madison Realty Capital, an institutionally backed, private commercial lender which provides short-term commercial real estate loans, completed its most successful month since its 2005 inception. The firm originated more than $70 million in commercial financings during November, bringing its 2007 total to approximately $350 million, and Josh Zegen, managing partner and co-founder tells GlobeSt.com that the firm is on track for between $400 million to $450 million by year’s end.

“This has been an outstanding year for us,” Zegen tells GlobeSt.com, noting two specific reasons. “Our name is getting out there as we have grown in the market, and the credit crunch has worked in our favor.”