Madison Update:

On September 21 2022, the Madison tactics were successful with their UCC auction, confiscated the entire development & wiped out $21 Million of equity. Thanks to Rosewood’s clever marketing, it was achieved with misguided property information that there wasn’t even a single bidder at the auction. 

However it’s important to note that Madison is just a front for the piracy lending, as regulated banks & capital funds wouldn’t want to openly engage in such deceiving tactics of loan to own.

Especially buying existing loans during development to manipulate the loan into default, bully the developer into a forbearance agreement in order to confiscate the entire development via a UCC auction to easily wipe out all equity & years of hard work. 

The following banks are credited with the Madison lending piracy:

ICONIQ Capital

Emigrant Bank

Axos bank

Centennial bank

Signature bank

Investors Bank

ConnectOne

Oppenheimer 

Axos bank has been particular deceiving as I have been working with them to refinance & rid myself of the Madison clutches. They requested all the data, showed compassion and willingness to assist. However instead of assisting me as they led on, Axos bank actually financed Madison’s forbearance package of $8.3 million of just interest & penalties. Assisting the lending pirates to continue the onslaught until there was nothing left.