HUDSON REALTY CAPITAL FUNDS $5.275 MILLION FIRST MORTGAGE LOAN IN MANHATTAN’S NOLITA...

HUDSON REALTY CAPITAL FUNDS $5.275 MILLION FIRST MORTGAGE LOAN IN MANHATTAN’S NOLITA NEIGHBORHOOD

NEW YORK, N.Y. – May 24, 2012 – (RealEstateRama) — In Manhattan’s emerging Nolita neighborhood, Hudson Realty Capital LLC (Hudson) has funded a $5.275 million first mortgage loan secured by a 13,707-square-foot mixed-use building, near the intersection of Kenmare Street and Bowery. The sponsor utilized the loan proceeds to recapitalize the property’s maturing debt and establish operating reserves

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