HUDSON REALTY CAPITAL FUNDS $5.6 MILLION BRIDGE LOAN FOR 275-UNIT GARDEN APARTMENT COMPLEX IN HOUSTON, TEXAS

HUDSON REALTY CAPITAL FUNDS $5.6 MILLION BRIDGE LOAN FOR 275-UNIT GARDEN APARTMENT COMPLEX IN HOUSTON, TEXAS

HOUSTON, TX – May 8, 2012 – (RealEstateRama) — Hudson Realty Capital LLC (Hudson), a real estate fund manager with more than $2 billion in assets currently under management, has funded a $5.6 million bridge loan involving a 275-unit garden-apartment complex in Houston’s Sharpstown/Westwood submarket. The borrower is utilizing the loan proceeds to purchase the 92-percent occupied multi-family property and establish reserves for capital improvements.

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