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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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

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