HUDSON REALTY CAPITAL FUNDS $4.36 MILLION BRIDGE LOAN FOR SANTA MONICA OFFICE...

HUDSON REALTY CAPITAL FUNDS $4.36 MILLION BRIDGE LOAN FOR SANTA MONICA OFFICE BUILDING

SANTA MONICA, CA – April 4, 2012 – (RealEstateRama) — Hudson Realty Capital LLC (Hudson), a Manhattan-based real estate fund manager, has funded a $4.36 million bridge loan involving a 14,612-square-foot office building in the downtown district. The borrower, a prominent local real estate developer and multi-family operator, is utilizing the loan proceeds to purchase the property and implement the business plan, which includes reinstating the original residential zoning.

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