Friday, 22 May 2015
Last updated 3 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…