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Finance
Posted: June 25, 2012
HRC funds $5.275 million first mortgage in Nolita
In Nolita neighborhood, Hudson Realty Capital LLC (HRC) has funded a $5.275 million first mortgage loan secured by a 13,707 s/f mixed-use building. The sponsor utilized the loan proceeds to recapitalize the property's maturing debt and establish operating reserves.
The fully occupied early-20th Century building is comprised of 15 residential units and two ground-floor commercial units.
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Finance
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