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HUDSON PROVIDES $9.17 MILLION BRIDGE FINANCING FOR AUSTIN APARTMENT COMPLEX

AUSTIN, TEXAS — New York-based Hudson Realty Capital has funded a $9.17 million bridge loan for the acquisition and renovation of a 370-unit garden apartment complex in Austin. The sponsor is Los Angeles-based Post Investment Group, and the group acquired the complex from a special servicer that had foreclosed on the property. Situated on 14-acres, the 44-building multifamily rental complex is set to undergo a $4 million renovation and modernization.

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