New York, NY (June 11, 2025)—Hudson Realty Capital, an integrated commercial real estate and FHA/HUD lender that provides financial solutions to sponsors across the U.S., today announced the recent closing of a $34 million Bridge-to-HUD term loan and a $12.2 million FHA Section 223(f) refinancing loan for two residential communities in Lake Worth, FL and Clearfield, UT, respectively.
Deco Green Apartments is a 125-unit, Class A, mixed-use rental community located on North Dixie Highway in Lake Worth, FL. A $34 million Bridge-to-HUD loan was secured by Paul Griffin, Brandon Eustace, and Brian James of Hudson Realty Capital to pay off construction financing and support the lease-up of the property. Hudson’s multifamily lending team worked closely with Deco Green’s owners to meet a tight timeframe for completing the Bridge-to-HUD transaction thereby avoiding additional extension fees.
Paul Griffin, Managing Director, Due Diligence/FHA Operations, said: “Hudson’s bridge financing provided the sponsor an excellent opportunity to pay off construction debt and positively position the property for lease-up, while meeting their tight timing needs. Since launching our bridge-to-HUD loan program six months ago, we continue to see strong interest from borrowers in flexible, short-term financing given the shifting dynamics of the current economic environment.”
Clearfield Plaza Apartments is a 106-unit rental community located on South State Street in Clearfield, UT. A $12.2 million FHA Section 223(f) refinancing loan was secured by Mandi Hackett, Jonathan Boldin, and Brian James of Hudson Realty Capital at a 5.4% interest rate to replace the project’s construction loan. Notably, Hudson’s multifamily lending team obtained mortgage insurance premium (MIP) certification through HUD’s Green and Energy Efficient Housing after a firm commitment had been issued, helping to increase loan proceeds. The team also secured HUD approval for a new property management company with no prior HUD experience.
Mandi Hackett, Managing Director and Chief FHA Underwriter at Hudson Realty Capital, said: “For the past three years, our team has work hand-and-hand with the sponsors amid fluctuating market conditions and multiple extensions. As market conditions have begun to stabilize, our flexibility paid off by enabling us to lock in a lower interest rate and boost loan proceeds at a crucial moment. At Hudson, we take great pride in understanding our clients’ vision while providing high-touch customer service and thoroughness that navigating the FHA space requires.”
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.
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