Madison Realty and Newbond Launch $ 500 Million Home Loan Joint Venture | News

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Madison Realty Capital and Newbond Holdings have set up a hotel mortgage lending platform in the United States with an initial amount of $ 500 million (432 million euros).

The investment firms have launched Madison Newbond, a lending platform that will provide senior mortgages, mezzanine loans and senior equity to hotel owners and developers.

Josh Zegen, Managing Director and Co-Founder of Madison Realty Capital, said, “The hospitality industry has experienced significant disruption throughout the pandemic and there is a clear need for creative and flexible lending solutions for homeowners. ‘hotels as they continue to recover from the changes. to their business plans.

“We are excited to join forces with Newbond to expand our bespoke product offering to meet the evolving needs of hotel owners and operators. “

Neil Luthra, Founding Partner of Newbond, said Madison’s resources, coupled with Newbond’s hotel underwriting capabilities, “would best position the platform to identify and capitalize on exciting opportunities in the hotel space.”

Madison Realty Capital is a real estate private equity firm managing approximately $ 6.7 billion in total assets on behalf of a global institutional investor base.

Newbond, founded this year by Luthra and Vann Avedisian, is a real estate investment and operating platform focused on debt and equity investments in multiple types of real estate products with a focus on hospitality. Newbond’s partners have completed more than $ 15 billion in debt and equity transactions.

To read the digital edition of the latest IPE Real Assets magazine, click here.

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