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.
