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
Multifamily Changes in Debt Service Coverage Ratios (DSCR) and Loan to Value/Loan to Cost Ratios (LTV/LTC): Currently on the drafting table until November 24th, HUD is revising its underwriting policies to boost housing supply. The memos with the current and new debt service coverage ratios (DSCR) and loan to value ratios (LTV/LTC) are below.
MHN Executive Council: What Will Be the Biggest Trends of 2025? (read full article here).
Did You Know?
Prepayment provisions are negotiable, but generally subject to lockout period and declining penalties.
Hudson Highlights
Team Member Spotlight: Brandon Eustace
Brandon Eustace is a Managing Director of FHA Originations at Hudson Realty Capital. In this role, Mr. Eustace is responsible for overseeing the origination of multifamily FHA/HUD and bridge loans. One of his primary responsibilities is developing and strengthening relationships with potential clients nationwide.
Experienced in both origination and underwriting, Mr. Eustace’s previous professional experiences includes Director of FHA Production at NewPoint Real Estate Capital and Lument – ORIX Real Estate Capital. While at Lument-ORIX (formerly Hunt Real Estate Capital), Mr. Eustace had independently originated over $250M in engagements. He started his career at Capital One as a Commercial Real Estate Underwriter.
Spanning his entire finance career, his origination and underwriting through FHA/HUD and Bridge Loan transactions has resulted in over $750M in closings. Mr. Eustace received his B.S. in Economics from Elmira College, and his M.B.A. in Real Estate Finance from Hofstra University.
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
