HUDSON REALTY CAPITAL AND RXR REALTY ANNOUNCE JOINT VENTURE TO PURSUE NEW YORK TRI-STATE COMMERCIAL REAL ESTATE LENDING PLATFORM
NEW YORK, N.Y. – February 16, 2012 – (RealEstateRama) — Hudson Realty Capital LLC (Hudson) and RXR Realty LLC (RXR) have launched a commercial real estate lending platform to originate and/or purchase commercial real estate debt assets. The two experienced lending and real estate entities will focus on first-mortgage bridge loans as well as B-Notes, mezzanine and preferred equity opportunities in the New York Tri-State region. The venture will provide solutions for borrowers who have complex capital structures or ownership circumstances and can benefit from creative capital and structuring. RXR will also offer assistance to help its clients address property-level related issues.