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Brokerage
Posted: April 11, 2011
Hudson Realty Capital finalizes $2.35 million loan
Hudson Realty Capital LLC has finalized a $2.35 million first mortgage loan secured by a 1.15-acre, two-building retail property. 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 the city.
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