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
Biden-Harris Administration Invests $325 Million in Housing and Community Development Improvements: On July 16, 2024, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods that have been left behind. (read full article here).
Where Multifamily Deliveries Will Break Records in 20 24 and Beyond (read full article here).
Did You Know?
In the 223(f) Program, HUD Application fees are 0.30%, Opportunity Zone Market Rate 0.20%, and Opportunity Zone Affordable 0.10%.
Hudson Highlights
Team Member Spotlight: Mandi Hackett
Mandi Hackett is a Managing Director and Chief FHA Underwriter at Hudson Realty Capital. Ms. Hackett joined the company earlier this year and is responsible for managing all aspects of underwriting for FHA loans across Hudson Realty Capital’s portfolio.
With nearly two decades of industry experience, Ms. Hackett previously served as a Senior Underwriter at Dwight Capital. Prior to this role, she served as Chief MAP Underwriter at Bonneville Mortgage Company where she closed over $227 million in FHA apartment loans. During her time at the company, Ms. Hackett was the only MAP approved underwriter located in Utah and was able to underwrite applications in excess of $543 million.
Ms. Hackett is also President and Owner of Avalanche Apples, a gourmet candy apple business she founded in 2002. Ms. Hackett received her B.A. in Accounting from the University of Utah.
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
