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New York & Tri-State  + Midtown New York  + Apartments  |  June 2, 2026
Paul Bubny
By: Paul Bubny

RXR, Hudson Realty Capital Launch Bridge-to-HUD Loan Program

RXR and Hudson Realty Capital have launched a new $250-million bridge-to-HUD loan program for the acquisition and refinancing of multifamily and healthcare assets. The program is designed to provide borrowers with near-term capital certainty while establishing a defined pathway to long-term HUD-insured permanent financing.

During the bridge term, borrowers have the ability to pursue FHA/HUD financing with Hudson Realty Capital, allowing for a more streamlined transition to permanent debt execution. Loans are subject to a minimum six-month lockout period, after which they may be prepaid without penalty.

The program launches as owners and operators are facing elevated borrowing costs, constrained bank lending, and mounting refinancing pressure as a significant volume of commercial real estate debt approaches maturity. “This program is positioned to provide borrowers with flexible transitional capital and a clear path to long-term HUD-insured financing in an increasingly difficult interest rate environment,” said Rich Ortiz, co-managing partner at Hudson Realty Capital. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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