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
MFH Programs Closing TRACS Forum: The Office of Multifamily Housing (MFH) Programs will discontinue the use of the TRACS Forum due to limited and low utilization. The TRACS Forum will be removed from the MFH - TRACS web page effective Friday, September 13, 2024 at 11:59 pm EDT. (read full article here).
221(d)(4) loans are interest only during construction plus 2 months for cost certification followed by 40 years fully amortizing.
Hudson Highlights
Team Member Spotlight: David Loo
David Loo is Co-Managing Partner of Hudson Realty Capital and a member of the firm’s Investment Committee. Mr. Loo oversees the company’s real estate investment activity and portfolio management. His additional responsibilities include developing and maintaining Hudson Realty Capital’s relationships as well as guiding the firm’s strategic direction. Under Mr. Loo’s leadership, Hudson Realty Capital has made more than $4.5 billion in aggregate investments up and down the capital stack across the multifamily, office, healthcare, industrial, retail, mixed-use and hospitality sectors.
Prior to founding Hudson Realty Capital, Mr. Loo was a Managing Director at CSFB where he helped to form the company’s Portfolio Bids Group, which invested in and managed commercial mortgage debt and real estate equity investments. During Mr. Loo’s tenure, the Portfolio Bids Group acquired and managed over $3 billion of real estate assets. Mr. Loo was also a member of CSFB’s Real Estate Investment Committee. Earlier in his career, he also served as CSFB’s primary commercial mortgage whole loan trader and was an original member of the Praedium Recovery Funds.
Before joining CSFB in 1992, Mr. Loo was a Consulting Manager for Kenneth Leventhal & Co. where he specialized in portfolio evaluations, debtor workouts and commercial mortgage due diligence. Mr. Loo received his M.B.A. from the Wharton School at the University of Pennsylvania and his B.A. from Wesleyan 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
