Hudson Companies Refinances Student Housing With $97.5M Loan From Cornell University

The student and teacher housing building at 1 East Loop Road in Roosevelt Island, Manhattan, has been involved in a refinancing deal with Cornell University. The property spans 266,963 square feet, comprising a total of 352 units. The transaction amount for the loan stands at $97,500,000.

Summary of transation details:

• Property Type: Student Housing
• Transaction Amount: $97,500,000
• Address: 1 East Loop Road
• Market: Roosevelt Island, Manhattan
• Lender: Christopher J. Cowen - Cornell University
• Landlord: David Kramer - Hudson Companies

Hudson Companies, operating under Hudson Cornell Tech LLC, successfully secured the refinancing deal with Cornell University for the student and teacher housing building at 1 East Loop Road. The transaction was facilitated by Christopher J. Cowen from Cornell University and David Kramer from Hudson Companies.