Northwind Group, a New York-based real estate debt fund manager and private equity firm, has provided a $100 million senior A-Note as part of a $207 million senior lease-hold mortgage for the Hudson Hotel.  

Located at 358 West 58th Street, the 24-story former hotel is currently undergoing conversion into 441 multifamily units and 51,474 square feet of retail space. The property was originally capitalized by Montgomery Street Partners and Parkview Financial in 2022.  

Northwind Group provided the loan as part of its recently launched A-Note financing product. It offers senior tranche capital stacks for residential deals nationwide with a loan size of $50 million and above. “Northwind Group is excited to provide our A-Note loan, as we recognize a big gap in the market for financing due to commercial banks stepping back from regulatory and macro issues,” said Ran Eliasaf, founder and managing partner of Northwind Group.