HUDSON REALTY CAPITAL FUNDS $7.5 MILLION BRIDGE LOAN INVOLVING FOUR CONTIGUOUS MULTI-FAMILY...

HUDSON REALTY CAPITAL FUNDS $7.5 MILLION BRIDGE LOAN INVOLVING FOUR CONTIGUOUS MULTI-FAMILY BUILDINGS LOCATED IN BROOKLYN, N.Y.

BROOKLYN, N.Y. – October 27, 2011 – (RealEstateRama) — Hudson Realty Capital LLC has funded a $7.5 million bridge loan involving a 30,800-square-foot multi-family property in Brooklyn, N.Y. The borrower utilized the loan proceeds for a discounted purchase of the original construction loan, a partner buyout and to satisfy all outstanding obligations associated with the development.

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