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Brokerage
Posted: July 11, 2011
Hudson Realty Capital funds $6 million first mortgage for 96,754 s/f retail center
Hudson Realty Capital LLC has funded a $6 million first mortgage loan secured by a 96,754 s/f retail center. The sponsor utilized the loan to purchase the 8.2-acre site's first mortgage at a discount.
"This transaction is in line with Hudson's strategy to swiftly execute financing for borrowers seeking to buy-back their debt, on a high-quality asset, at a discount," said Spencer Garfield, managing director. In less than seven months, Hudson has closed three Texas loans totaling $17.5 million.
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