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
HUD Publishes Revised HAP Assignment Form: On August 15, the Office of Multifamily Housing Programs, announces the availability of a standard form for the Assignment, Assumption, and Amendment of Section 8 Housing Assistance Payments Contracts. This form, which went through a public comment process prior to being finalized, has been approved by the Office of Management and Budget. Use of this form is now required for any assignment of a Section 8 project-based rental assistance (PBRA) Housing Assistance Payments (HAP) contract.
In the 242/223(f) Hospital Loan Program, the maximum loan amount is the lesser of: (1) 90% of net property plant, or equipment (or 90% of appraised value); (2) (Refinance) 100% of the cost to refinance the existing indebtedness, including the amount required to pay off the indebtedness; or (3) (Acquisition) 100% of the cost to acquire the hospital, including the actual purchase price for the land and improvements.
Hudson Highlights
Team Member Spotlight: Maryann Rossignol
Maryann Rossignol is a Managing Director at Hudson Realty Capital. Ms. Rossignol joined the company in February 2004 and is responsible for performing asset management and debt serving responsibilities, and establishing the structure and procedures for the Asset Management group.
In her current role, Ms. Rossignol ensures that Hudson Realty Capital’s investment goals are met through close monitoring of investment performance, and through active engagement in implementing solutions for challenging assets.
Previously, she was a Senior Financial Analyst at Compaq Financial Services, where she structured, negotiated and underwrote multi-million dollar leases and debt transactions. Prior to Compaq, Ms. Rossignol worked at Credit Lyonnais Bank in several capacities, including Assistant Vice President of Real Estate Finance. Ms. Rossignol received her B.B.A. from the College of William & Mary.
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.
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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
