HUDSON REALTY CAPITAL FUNDS $6.9 MILLION BRIDGE LOAN FOR APARTMENT COMPLEX IN...

HUDSON REALTY CAPITAL FUNDS $6.9 MILLION BRIDGE LOAN FOR APARTMENT COMPLEX IN THE GREATER HOUSTON AREA

HOUSTON, TX – March 6, 2012 – (RealEstateRama) — Hudson Realty Capital LLC (Hudson), a real estate fund manager with more than $2 billion of assets currently under management, has funded a $6.9 million bridge loan involving a 272-unit apartment complex in the greater Houston area’s Fort Bend County, Texas. The borrower utilized the loan proceeds to purchase the property, which had been foreclosed upon by its lender, and to fund reserves, including exterior renovations.

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