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Hudson Realty Capital Launches Bridge to HUD Loan Program
Hudson Realty Capital said Friday it had launched a new bridge to HUD loan program for multifamily projects, including market-rate, affordable and senior housing. The program will target middle-market transactions for the acquisition, construction, stabilization and rehabilitation of multifamily investments.
The New York City-based lender anticipates lending $800 million through this bridge program over the next 36 months. The program is tailored for owners who seek permanent HUD financing but need to stabilize property operations. As part of the product’s enhanced flexibility, loans are fully prepayable with no lockout period.
“We are pleased to expand our multifamily bridge loan offerings and provide our clients a competitive and flexible pathway to realizing their investment goals, even as the lending environment remains cautious,” said co-managing partner Rich Ortiz. “This product will allow multifamily owners to unlock additional capital and favorably position themselves as we await the return of long-term financing to the market.”
- ◦Financing
