HUDSON REALTY CAPITAL FUNDS $11.6 MILLION CONSTRUCTION LOAN FOR CONDOMINIUM CONVERSION IN BROOKLYN, N.Y.

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By Caryl Communications Inc -

BROOKLYN, N.Y. – September 12, 2011 – (RealEstateRama) — Hudson Realty Capital LLC has funded an $11.6 million construction loan for the condominium conversion of a vacant commercial property in Brooklyn, N.Y. The sponsor will utilize the proceeds to renovate the three-story building to incorporate 20,757-square-feet of residential space and 6,175-square-feet of below-street-level medical office space.

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