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RXR, Hudson Realty Capital Partner on Lending Platform
RXR and Hudson Realty Capital, both New York City-based, have launched RXR-Hudson, a strategic lending platform designed to achieve risk-adjusted returns through direct commercial real estate lending across major U.S. markets.
Over the next several years, RXR-Hudson anticipates lending more than $2 billion in sectors experiencing strong investor demand and demographic tailwinds, such as housing, industrial, and healthcare-related industries.
“As RXR continues its national expansion into other major markets, RXR-Hudson is well equipped to capitalize on the rapidly evolving trends coming out of the pandemic,” said RXR CEO Scott Rechler.
RXR-Hudson will originate traditional loans including bridge, mezzanine or preferred equity-type investments to facilitate acquisition, construction or recapitalization. The platform will also direct a portion of investments towards Opportunity Zones, sustainability initiatives, and minority and women-owned businesses.
To supplement the team, Jason Kirschner, managing director of finance and capital, has been hired to focus on scaling the RXR-Hudson debt portfolio.
- ◦Financing
