Hudson Realty Capital LLC Finalizes $2.35 Million First Mortgage Loan for Retail Property in Austin, Texas
Second Debt Transaction Closed with the Same Sponsor in an Eight-Month Timeframe.
- New York, NY (1888PressRelease) March 16, 2011 - Hudson Realty Capital LLC, a New York City-based real estate fund manager, recently finalized a $2.35 million first mortgage loan secured by a 1.15-acre, two-building retail property in Austin, Texas. This is the second debt transaction closed with the same sponsor in an eight-month timeframe.
"The Austin commercial real estate market has remained relatively stable, as compared to other U.S. markets, due to macroeconomics that are stronger than most cities nationwide," said Spencer Garfield, managing director, who oversees Hudson's loan originations. Last May, Hudson also funded a $9.17 million bridge loan for the acquisition and renovation of a 370-unit garden apartment complex in Austin.
Established in 2002, Hudson has emerged as a leading capital provider within the middle market. The firm's activities focus on originating, purchasing, participating in, servicing and restructuring high-yield, special-situation debt and acquiring under-performing assets and other real estate-related instruments. Currently, the firm has more than $2 billion of assets, including office, retail, industrial and multi-family, under management.
Based in Manhattan, with regional offices in Portland, Maine and Fort Myers, Florida, Hudson has closed more than $3.5 billion in transactions since the formation of its initial two funds. Established as a Minority-Owned Business Enterprise (MBE) and certified by the Empire State Development Agency, Hudson has been named among the New York Area's largest privately held companies and largest minority owned companies, as well as one of the Top 25 lenders nationally.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam