Sponsor to Purchase Debt on Four Buildings
BROOKLYN, N.Y. – October 11, 2011 – (RealEstateRama) — Manhattan-based Hudson Realty Capital LLC has funded $8 million in note acquisition financing secured by the debt on four industrial buildings, located in the Williamsburg section of Brooklyn, N.Y. The company has been active in providing note acquisition financing nationwide, with an emphasis on the New York-metropolitan region.
“Note acquisitions are inherently dynamic and complex transactions. Hudson was able to provide a creative, flexible structure that allows the sponsor to effectuate the business plan,” said Spencer Garfield, managing director.
In addition to note acquisition financing, Hudson also is targeting new loan originations, DPO and DIP financing, good bank/bad bank and general partner recapitalizations as part of its Debt Program. Currently, the company has more than $2.5 billion of assets under management and has closed more than $3.5 million in transactions since the formation of its initial two funds in 2003. Hudson also is active in large loan-portfolio acquisitions and asset management activities, the latest of which involved the purchase of a Colorado portfolio of 97 acquisition, development and construction (ADC) loans as part of an FDIC-structured sale.
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.
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Media Contact:
Carin McDonald / 201-796-7788 / carin (at) caryl (dot) com
