Today we are breaking down commercial real estate lending with Josh Zegen, co-founder and managing principal of Madison Realty Capital. 

Josh and his team at Madison launched in 2004 and evolved from a hard money lender when there really was no alternative industry called commercial real estate lending. They've developed into a single-source capital provider today with more than $21 billion in AUM.

Josh gets into great detail here about how it's not an all-or-nothing story when it comes to real estate. We covered some of the basics on construction loans, the life cycle of capital, and new developments. Then, we get into some of the current market dynamics, post-COVID interest rates, post-SVB, and much, much more. 

Please enjoy this Breakdown of commercial real estate lending.



For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.

-----

This episode is brought to you by Public: Invest in stocks, bonds, options, crypto, and more in one place. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The [6.7%] yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of [9/05/2024]. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. You should evaluate each bond before investing in a Bond Account. The bonds in your Bond Account will not be rebalanced and allocations will not be updated, except for Corporate Actions.

This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. This holiday season go to eightsleep.com/breakdowns and use code JOYS for up to $600 off the Pod 4 Ultra when bundled. 

-----

Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).


Show Notes

(00:00:00) Welcome to Business Breakdowns

(00:05:22) Starting Madison Realty Capital

(00:06:44) Evolution of the Lending Market

(00:10:08) Construction Lending Dynamics

(00:15:36) Risk Management and Portfolio Strategy

(00:18:49) Leveraging Private Credit

(00:30:31) Portfolio Management and Challenges

(00:33:32) COVID-19's Impact on Real Estate Projects

(00:34:49) Strategies for Loan Workouts

(00:37:38) Post-COVID Market Dynamics

(00:39:45) Opportunities in Loan Purchases

(00:42:53) Sector-Specific Real Estate Insights

(00:49:27) Impact of Work Schedules on Real Estate

(00:51:22) Interest Rates and Market Impact

(00:55:45) Future Opportunities and Market Trends

Podden och tillhörande omslagsbild på den här sidan tillhör Colossus | Investing & Business Podcasts. Innehållet i podden är skapat av Colossus | Investing & Business Podcasts och inte av, eller tillsammans med, Poddtoppen.