The Hudson Report (“THR”) is a bi-weekly summary powered by Hudson Realty Capital.
Rate Indications*
*For current rates, please call your Hudson Realty Capital originator.
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Word Around Town
Mortgage Insurance Premium Updates . With the new administration taking office, there has been discussion about eliminating the Green MIP for Section 221(d)(4) and 223(f) loans, as well as a broader reduction in MIP across all loans. We are eagerly awaiting the release of potential Mortgagee Letters with updates on the overall Mortgage Insurance Premium reduction. We will share the letters as soon as they are available.
Prepayment provisions on HUD Loans are negotiable, generally subject to lockout period and declining penalties.
Hudson Highlights
Hudson Realty Capital's Bridge-to-HUD Loan Program
Hudson Realty Capital, a commercial real estate investment manager and FHA/HUD lender, has launched a new bridge-to-HUD loan program for multifamily properties, including market-rate, affordable, and senior housing. The firm plans to lend $800 million through this program over the next 36 months, offering loan sizes with the following characteristics:
1. Loan sizes of $15 million to $50 million 2. Up to 80 percent loan-to-value 3. Up to 80 percent loan-to-cost 4. 24 to 36 month loan term
The program is designed to help owners stabilize operations before securing permanent HUD financing. Hudson’s leadership emphasizes its commitment to providing flexible solutions amid a cautious lending environment. With a track record of over $4.5 billion in transactions since 2003, the firm leverages its expertise in loan origination, servicing, and asset management to support multifamily growth.
To date, the firm has issued more than $380 million in term sheets and is reviewing another $350 million in loan applications for the bridge program.
Our Commitment
Hudson Realty Capital strives to combine a responsive, hands-on approach to investment with a unique ability to quickly adapt to shifts in the market. While we have a new and refreshed look, our top-level client service remains the same.
Check out our website and follow us on LinkedIn for our latest updates.
The Hudson Report and the news, information and observations stated herein are provided for informational and discussion purposes only and are not, and may not be relied on in any manner, as commitment or as legal, tax or investment advice. Hudson believes that the information provided herein is reliable but does not guarantee its accuracy or completeness and material aspects of information herein may change without notice. The interest rate indications set forth in The Hudson Report are estimates based on current market conditions. Final rates will be set at rate lock or at closing. The Hudson Report is not an offer or commitment to lend, and any such offer shall only be set forth in a signed, written commitment letter from Hudson. All transactions are contingent on satisfactory due diligence review and approval including evaluation of 3rd party reports, borrower credit, loan collateral and property, borrower and guarantor financials. Hudson is an Equal Opportunity Lender.
Hudson Realty Capital LLC, 570 Lexington Avenue, 22nd Floor, New York, NY
