Hudson Companies Secures $28.3M Refinancing For 75-Unit Multifamily In North Williamsburg, Brooklyn

$28,300,000

Building Size

—

Asset Type

MultiFamily

Closing

Dec 8, 2023

AI

Hudson Companies has secured a $28.3 million refinancing deal for House No. 94, a 75-unit mixed-income residential building located at 94 North 3rd Street in North Williamsburg, Brooklyn. The property is a multifamily asset with 75 units, offering a range of housing options.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $28,300,000
Address: 94 North 3rd Street
Market: North Williamsburg, Brooklyn
Lender: Heather Lavallee - Voya Financial
Landlord: Hudson Companies
Brokers: Brett Siegel (BSieges), Daniel Fromm & David Behin - Newmark

The three-year, interest-only loan was provided by Heather Lavallee from Voya Financial. This refinancing deal will allow Hudson Companies to alleviate financial burdens and continue managing House No. 94, providing quality housing options for residents in North Williamsburg, Brooklyn.

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