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title: "Hudson Realty Capital | The Hudson Report: November 26, 2024"
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The Hudson Report is a bi-weekly summary powered by Hudson Realty Capital.

| View in browser The Hudson Report   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. To print, please click View in Browser at the top of the email.   Word Around Town  ConnectHomeUSA Summit: The CHUSA Summit is a once-a-year event designed to help ConnectHomeUSA and other HUD-assisted communities build strong and sustainable digital inclusion programs by providing unique access to digital inclusion experts, federal staff, and one-on-one time with representatives from internet service providers, device refurbishers and content providers! Hurry...in-person space is limited...register NOW! In Other News Hudson Realty Capital Launches $800M Loan Program (read full article here). National Multifamily Report – October 2024 (read full article here). CCRC Performance 3Q 2024: Elevated Demand for Memory Care (read full article here). National multifamily vacancy rate may have finally peaked (read full article here).   Did You Know? HUD loans are non-recourse and assumable with HUD approval.  Hudson Highlights Hudson Realty Capital Launches $800M Loan Program   FHA/HUD lender Hudson Realty Capital has launched a bridge-to-HUD loan program for market-rate, affordable and senior housing projects. The program targets middle-market transactions for acquiring, constructing, stabilizing and rehabilitating multifamily investments.   Hudson Realty Capital anticipates lending some $800 million over the next 36 months through the program. Rich Ortiz, co-managing partner of the firm, told Multi-Housing News that he is pleased with the responses that the firm has so far received to the new bridge to HUD loan program.   “Given the recent spike in the U.S. 10-year Treasury and concerns about inflation pushing back up, this product’s flexibility makes it a timely and cost-effective way for owners to adapt to evolving market conditions and meet their investment goals while we wait for the return of long-term financing options,” Ortiz said.   Hudson Realty Capital has already issued $153 million in term sheets to facilitate the acquisition of a 330-unit property in Colorado Springs, Colo., the purchase of a 300-unit property in Denver and the refinancing of a 200-unit property in Philadelphia. It is currently reviewing $83 million in loan applications for multifamily properties in Kansas City, Mo., San Antonio, Texas, and Newtown, Conn.   The program is tailored to owners seeking permanent HUD financing but first needing to stabilize property operations. The loans are fully prepayable with no lockout period. 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. Learn More Contact Information  Originations   Brandon Eustace Managing Director, FHA Originations beustace@hudsoncap.com (802) 236-4516   Paul Patafio Director, Originations ppatafio@hudsoncap.com (212) 336-5262   Alex Loo Director, Originations   aloo@hudsoncap.com (909) 837-5998       Underwriting Mandi Hackett Chief FHA Underwriter mhackett@hudsoncap.com (801) 580-9605   Jonathan Boldin Deputy Chief FHA Underwriter jboldin@hudsoncap.com (212) 336-5285   Interested in receiving The Hudson Report? Subscribe here! Subscribe 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 Unsubscribe Manage preferences |
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