Hudson Realty Capital Launches $800M Bridge-to-HUD Loan Program for Multifamily Projects
Hudson Realty Capital, an integrated commercial real estate investment manager and FHA/HUD lender that provides financial solutions to sponsors across the U.S., announced the launch of a new bridge to HUD loan program for multifamily projects, including market-rate, affordable and senior housing.
Hudson Realty Capital anticipates lending $800 million through this bridge program over the next 36 months. The bridge program is tailored for owners seeking permanent HUD financing but who need to further stabilize property operations. As part of the product’s enhanced flexibility, loans are fully pre-payable with no lock out period.
The firm is targeting loans with the following characteristics:
Loan sizes of $15 million to $50 million
Up to 80 percent loan-to-value
Up to 80 percent loan-to-cost
24 to 36 month loan term
Rich Ortiz, Co-Managing Partner, said, “We are pleased to expand our multifamily bridge loan offerings and provide our clients a competitive and flexible pathway to realizing their investment goals, even as the lending environment remains cautious. This product will allow multifamily owners to unlock additional capital and favorably position themselves as we await the return of long-term financing to the market.”
Paul Griffin, Managing Director, Due Diligence/FHA Operations, said, “As investors nationwide continue to grapple with uncertain market dynamics, we are committed to providing solutions that spur growth in the multifamily sector and smooth the way to permanent agency financing for our clients.”
Hudson’s team has extensive experience in loan origination, servicing and management, using an integrated approach to aid borrowers in value creation and realizing their business objectives. Hudson Realty Capital has managed investments totaling more than $4.5 billion in aggregate transaction value across the multifamily, office, industrial, retail, mixed-use and hospitality sectors since its inception in 2003. The firm is a fully integrated commercial real estate lender with a robust in-place infrastructure that includes in-house origination and due diligence, asset management and servicing expertise.
Hudson Realty Capital is a New York City-based commercial real estate investment management firm and HUD/FHA lender throughout the U.S. with financial solutions up and down the capital stack. Known for its hands-on approach and unique ability to quickly adapt to shifts in the market, Hudson’s team of seasoned real estate investment professionals possess a broad range of experience in debt origination, distressed debt analysis and work-out, due diligence, securitization, asset management, loan servicing, and disposition. Since its inception in 2003, the company has managed investments totaling more than $4.5 billion in aggregate transaction value across the multifamily, office, industrial, retail, mixed-use and hospitality sectors.
