HUDSON REALTY CAPITAL FUNDS LOAN FOR NYC LOFT BUILDING

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NEW YORK CITY — Hudson Realty Capital has funded a $5.65 million DPO loan for a 14,000-square-foot mixed-use loft building in New York City’s Tribeca neighborhood. The five-story property is 100 percent occupied, and features 1,200 of retail space and four floor-through residential units. Hudson’s Spencer Garfield arranged the loan for the borrower and the loan will refinance and renovate the property with bathroom retrofits, sprinkler installation, exterior plantings and common area upgrades on the interior. The property was built in 1880 and offers an exterior brick façade and interior wood frames.

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