Hudson Realty Capital Launches Healthcare Lending Platform
New York City-based Hudson Realty Capital has launched a healthcare bridge lending platform that will focus on skilled nursing, independent living, assisted living and memory care properties. As part of this new vehicle, Hudson anticipates lending between $300-$400 million in the next 18 to 24 months.
Hudson is targeting loans of $15 million to $50 million with terms up to 36 months and a maximum loan to value ratio of 80%. Loans are available for healthcare and senior housing properties nationwide and will be available both on the conventional and FHA/HUD sides of Hudson’s business. The new platform’s launch comes on the heels of Hudson’s addition of two FHA/HUD originators – managing director Justin Elshire and VP Alex Loo.
“We are thrilled to add this healthcare bridge vehicle to our already robust lending capabilities and see tremendous opportunity over the next several years,” said Richard Ortiz, Hudson’s co-founder and managing partner.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).