Hudson Realty Capital provides $13.1 million note acquisition financing
Hudson Realty Capital LLC has provided $13.1 million in note acquisition financing secured by a power retail center.
"Although several finance companies maintain that they offer note-acquisition financing, Hudson has actually been funding many of these transactions during the last 12 months. Past experience in this area is imperative since these deals are very dynamic and can take numerous unexpected twists and turns," said Spencer Garfield, managing director. "Hudson has developed a comprehensive program to offer our borrowers the flexibility they need to effectuate their business plan while giving us the security we require."
Hudson's Debt Program also targets performing and non-performing debt acquisitions, new loan originations, DPO financing, DIP financing, good bank/bad bank and general partner recapitalizations. Currently, the company has more than $2.5 billion of assets under management and has closed more than $3.5 billion in transactions since the formation of its initial two funds.
Established in 2003, Hudson continues to focus on middle-market investments generally in the $2 million to $35 million per asset range. The company's activities include originating, purchasing, participating in, servicing and restructuring special-situation debt. The company also invests directly in real estate and acquires under-performing assets and other real estate-related instruments.
In addition to Hudson's Manhattan headquarters, the company maintains regional offices in Portland, Maine and Fort Myers, Florida. Hudson is certified as a Minority-Owned Business Enterprise (MBE) by the Empire State Development Agency and has been named among the New York Area's largest privately held companies and largest minority owned companies.
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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