HRC funds $5.275 million first mortgage in Nolita

In Nolita neighborhood, Hudson Realty Capital LLC (HRC) has funded a $5.275 million first mortgage loan secured by a 13,707 s/f mixed-use building. The sponsor utilized the loan proceeds to recapitalize the property's maturing debt and establish operating reserves. The fully occupied early-20th Century building is comprised of 15 residential units and two ground-floor commercial units.

Tags: Finance

Reprint

Previous Story Next Story

Brookhaven IDA closes on economic incentives for Coco Architectural Grilles

Holtsville, NY A fourth-generation family-owned, custom metal-fabricating business will expand in Holtsville after the Town of Brookhaven Industrial Development Agency (IDA) closed on a package of economic incentives.

Hempstead IDA gives final approval to benefits package for senior apartments in North Bellmore

Cronheim Hotel Capital secures $18 million for Residence Inn Middletown

Phillips of Largo Real Estate arranges $10.975 million permanent first mortgage

Phillips of Largo Real Estate arranges $10.975m permanent first mortgage

The Village of Mamaroneck purs...

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

SL Green secures $1.4 billion refinance for 11 Madison Ave.