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Madison Realty Capital Closes $3B Transactions in ’23
Madison Realty Capital has originated $3.1 billion in financing, originations, and performing and non-performing note purchases in 2023. The firm completed 22 transactions across major U.S. markets, with deal sizes ranging from $17 million to $585 million. They originated $1.4 billion in loans for six branded hotel residences and expanded their lender financing and transitional lending platforms.
Noteworthy transactions included a $585 million loan for The Ritz-Carlton Paradise Valley, a $262 million construction loan for E11EVEN Residences Beyond in Miami, and a $340 million construction loan for The Ritz-Carlton Residences in Palm Beach Gardens. Madison Realty Capital has closed approximately $25 billion of transactions since inception, solidifying its position as a leader in real estate private equity.
“As traditional bank lenders pulled back from real estate lending and transaction volumes slowed in 2023, borrowers sought experienced lenders with proven track records lending throughout cycles,” said Josh Zegen, managing principal and co-founder of Madison Realty Capital.
