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.

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Avatar Financial Group provides $3.7 million bridge loan on newly completed mixed-use project

Paterson, NJ Avatar Financial Group LLC (Avatar) provided a $3.7million cash-out bridge loan on a newly constructed mixed-use property at 59 Pearl St. The two-year, first-lien loan was originated at 64% loan-to-value. The borrower