Tuesday, 1 December 2015
Last updated 30 min ago
Dec 18 2007 | 12:56am ET
Madison Realty Capital, an asset-based lending hedge fund, has named Eric Scheffler as managing director and general counsel. Scheffler will manage the firm’s corporate legal strategy and assist in overseeing Madison’s loan portfolio.
In addition to performing his duties as general counsel, Mr. Scheffler’s responsibilities will include structuring and closing loans, asset management and managing the relationships of Madison’s counterparties and borrowers.
Scheffler spent more than two years with Bear Stearns as associate director in the closing and structuring group within Bear Stearns Commercial Mortgage. While at BSC, he worked with originators, underwriters, capital markets and securitization counsel to structure, close and securitize fixed and floating rate conduit loans for national commercial properties.
“Eric’s appointment underscores Madison’s commitment to building an institutionally-based business and infrastructure, and helps to solidify our position as a leading lender of short-term bridge loans targeted to commercial real estate companies,” said co-founder Josh Zegen.
New York-based MRC provides short-term loans secured by a variety of commercial real estate. The firm has financed approximately $600 million in real estate loans since its inception in 2005.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…