$2.5M Bridge Loan for Atlanta Office Building Debt Acquisition
Hudson Realty Capital (Hudson) has funded a $2.5 million bridge loan secured by a 106,000-square-foot office building in the Buckhead community of Atlanta.
The borrower is utilizing the loan proceeds to acquire the underlying debt and implement a comprehensive property repositioning as part of the long-term business plan.
The nine-story office building is located within a residential area of Atlanta near shops, hotels, restaurants, hi-rise multi-family complexes and other office centers. The building was 45 percent occupied at loan closing.