Commercial Observer Power 100
Commercial Observer’s Power 100 list ranks the most powerful people in commercial real estate. Madison Realty Capital took the 48th spot. For two decades, Madison has specialized in providing customized financing solutions for commercial real estate lenders and borrowers alike. The firm originates whole loans, provides lender financing — A notes, B notes, loan-on-loan financing — and it can even buy performing and non-performing loans from other lenders. This flexibility has allowed Madison to transcend a brutal interest rate environment and finish 2023 with a deal volume of $3 billion and assets under management of $19.4 billion. “2023 was obviously a year where you had a lot of people on the sidelines, and we took it as an opportunity to step up,” said Josh Zegen, who leads the firm alongside Brian Shatz and Adam Tantleff. “We had a lot of capital, a diversified investor base that’s global in nature, and we were able to lean in and deploy capital into places where others didn’t allocate [capital].”
