Hudson Realty Capital acquires distressed asset portfolios: $500 million

According to Hudson Realty Capital LLC has expanded its southeastern operations, with new offices at 1591 Hayley Ln. In addition to tripling its office space, the company has also significantly expanded its staff of in-house specialists, with the addition of eight new hires. Hudson's expansion has been spurred by strong growth in its loan servicing and asset management operations. Over the past 14 months, the company has closed eight major deals, acquiring nearly $500 million in portfolios of non-performing loans and real estate-owned (REO) properties. Hudson's ability to service and restructure these loans in-house has contributed toward the company's positioning as one of the nation's most active purchasers in this market. Among the recent acquisitions made by Hudson's Florida regional office are a $65 million portfolio in New England; nearly 100 non-performing loans and REO assets from a Louisiana bank; and a $24 million portfolio from a North Carolina bank. Hudson also has enhanced its portfolio investments and asset management expertise by welcoming a total of eight new employees to the southeast regional office, which is led by Grace Miller, director, who has been with Hudson since 2007. New team members include Timothy Hall, vice president; Acie Forrer, vice president; Bryan Marshburn, vice president; Angelo Losardo, vice president; Edward Wacker, associate; Sandra Thibodeaux, associate; Aerica Brisco, administrative assistant; and Aysha Stockman, loan servicing assistant. "Our strategic focus has been on portfolios, with total unpaid principal balance under $150 million, that often include smaller balance credits," said Renee Lewis, managing director, portfolio investments. "Hudson's niche has been to service and restructure these middle-market loan portfolios and manage the underlying real estate. We anticipate new opportunities and continued growth in this area of our business for many, many months to come." Established in 2003, Hudson has closed more than $3.5 million in transactions since the formation of its initial two funds. The company focuses on middle-market investments, generally in the $3 million to $35 million per-asset range. Activities include originating, purchasing, participating in, servicing and restructuring special-situation debt. In addition, the company is active in large loan-portfolio acquisitions and asset management activities. Hudson also invests directly in real estate and acquires under-performing assets and other real estate-related instruments. Headquartered in New York City, Hudson maintains regional offices in Portland, Maine and Fort Myers, Florida. The company 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.