What Hudson Realty Capital does

Hudson Realty Capital is a privately held, New York-based commercial real estate investment management firm founded in 2003 that provides tailored debt capital solutions to mid-market deal sponsors across the United States. The firm originates, underwrites, services, and asset-manages loans on multifamily, healthcare, office, industrial, retail, mixed-use, and hospitality properties, and reports more than $4.5 billion in aggregate investments and 1,000+ loans serviced since inception. Its product suite spans conventional balance-sheet lending, FHA/HUD multifamily and healthcare lending (up to 90% LTV, non-recourse, long-term fixed rate), and Bridge-to-HUD programs — including a standalone $800 million program launched in November 2024 and a $250 million program with RXR announced in June 2026 — that provide transitional financing with a defined pathway to permanent HUD-insured debt.

The firm operates with an integrated, in-house infrastructure covering compliance, accounting, asset management, and loan servicing, and uses a proprietary financial model developed by Managing Director Paul Griffin to evaluate investments. Hudson expanded into FHA lending in late 2020 via the acquisition of Hudson Realty Finance (formerly Great Southern Realty Capital), and has since scaled the platform to over $1 billion in HUD loan originations with a team of roughly 10 FHA professionals. Revenue is generated through loan origination fees, interest income on funded loans, ongoing loan servicing fees, and advisory engagements, with loan sizes typically ranging from $10M to $50M+ and pricing structured per transaction. The company is 100% minority owned and co-founded by David Loo and Richard Ortiz, employs approximately 18 professionals across origination, underwriting, FHA, asset management, and operations, and reaches the market through direct field sales, an active industry press presence, a bi-weekly newsletter, and a strategic lending partnership with RXR.

Name

Hudson Realty Capital

Legal name

Hudson Realty Capital LLC

Website

https://hudsoncap.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Hudson Realty Capital is a New York-based, privately held commercial real estate lender founded in 2003 that provides conventional, FHA/HUD, and Bridge-to-HUD financing to mid-market deal sponsors across the U.S., with $4.5B+ in cumulative investments and 1,000+ loans serviced.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lending

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Commercial Mortgage Brokerage (FSAEAEAB), Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK)

Keywords

• Commercial real estate lending
• FHA HUD multifamily loans
• Bridge-to-HUD financing
• Commercial loan servicing
• Real estate capital advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Loan Origination and Financing: Hudson originates and provides financing solutions across the capital stack, including conventional loans, FHA/HUD loans, and bridge-to-HUD loans for multifamily, healthcare, and commercial real estate properties. Revenue is generated through origination fees and interest income.
2. Loan Servicing: Hudson services loans it originates, providing ongoing servicing, compliance, accounting, and asset management capabilities. This generates ongoing servicing fee income.
3. Advisory Services: Strategic advisory services provided to clients to help them meet their business goals, including market assessments and due diligence support.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Hudson Realty Capital is an integrated commercial real estate investment management and finance firm that provides middle-market deal sponsors with capital solutions across the loan life cycle. Its core offerings include conventional first mortgage loans (typically $10 million to $50 million+), FHA/HUD-insured multifamily loans, a proprietary Bridge-to-HUD loan program, third-party loan servicing, and real estate advisory services. The firm underwrites and closes loans using a proprietary in-house financial model and supports borrowers through construction completion, lease-up, stabilization, and permanent financing.

Product overview

Hudson Realty Capital offers an integrated suite of commercial real estate financial solutions centered on two core lending products: Conventional Lending and FHA/HUD Lending. The company has expanded its offerings through programs like the $800M Bridge-to-HUD Loan Program and the $250M Bridge-to-HUD Loan Program (launched with RXR), which provide transitional capital with pathways to permanent HUD financing. Supporting these lending products are Loan Servicing and Advisory Services capabilities, creating a full-service platform that guides borrowers from origination through resolution.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Lending First mortgage loans typically ranging from $10 million to $50 million+ for middle-market commercial real estate deal sponsors, used for acquisition, refinancing, and capitalization of commercial and multifamily properties.
• FHA/HUD Lending FHA/HUD-insured multifamily loans underwritten and closed for commercial real estate sponsors seeking long-term, non-recourse permanent financing.
• Bridge-to-HUD Loan Program (Combined $1.05 Billion Facilities)

Quantifiable outcome

• $4.5 billion+ in aggregate investments managed since inception
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• RXRcoreStrategic or Co-development Partner · 2 February 2022In 2022, RXR and Hudson formed a strategic lending partnership designed to deploy capital into commercial real estate opportunities, with a focus on flexible capital solutions for complex or non-traditional real estate transactions. The venture combines RXR's vertically integrated real estate platform—spanning development, ownership, and asset management—with Hudson's specialty finance and credit expertise, particularly in structured and transitional lending. In June 2026, they launched a $250 million bridge-to-HUD loan program for multifamily and healthcare assets.
• Boys & Girls Club of Liberty Co., GeorgiaminorOthersCommunity partnership case study supporting enrichment programs for school-aged children and improving access to after-school programming.
• Housing America CorporationminorOthersPartnership improving access to homeownership for low-income families of Yuma County through projects in Somerton, AZ.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ready Capital: Publicly traded multi-strategy CRE finance company originating bridge, agency, and small-balance loans through direct and broker channels. Overlaps with Hudson on bridge-to-HUD, multifamily, and self-storage lending with a broader product set and balance-sheet capital.
• Walker & Dunlop: Largest pure-play CRE finance platform in the U.S., with multifamily agency origination, FHA, bridge, servicing, and investment sales. Much larger and broader than Hudson but addresses the same middle-market and large-deal sponsor base with overlapping HUD/agency products.
• PGIM Real Estate Finance: CRE debt origination and investment platform of Prudential Financial, one of the largest CRE lenders globally. Engages in conventional, bridge, and agency multifamily lending that overlaps with Hudson's product set, though at materially larger deal sizes and balance-sheet scale.
• JLL Capital Markets: Global CRE services and debt placement platform with dedicated multifamily and healthcare financing teams. Overlaps with Hudson in placement, advisory, and financing for middle-market real estate sponsors but offers investment sales, valuation, and asset management at far greater scale.
• Greystone: Top-five multifamily and healthcare CRE lender offering FHA, CMBS, bridge, and affordable financing plus servicing and investment sales. Competes head-on with Hudson for middle-market FHA/healthcare deals but at significantly greater scale and geographic breadth.

Direct peers

• Lument (fka Hunt Real Estate Capital): Direct CRE lender to multifamily, affordable, and senior housing sponsors with deep FHA/HUD and bridge capabilities, formed from ORIX Real Estate Capital and Hunt. Targets the same middle-market sponsor base as Hudson with overlapping FHA production leadership alumni.
• Arbor Realty Trust: Publicly traded multifamily and CRE mortgage lender with a leading FHA/HUD origination platform and an affiliated servicing business. Hudson's FHA team, including Deputy Chief Underwriter Jonathan Boldin, was poached from Arbor's FHA division, making it a directly comparable specialist with the same FHA/CMBS healthcare product mix.
• NewPoint Real Estate Capital: Multifamily FHA/HUD originator and servicer focused on agency lending and bridge products for middle-market sponsors. Hudson's FHA Originators leader Brandon Eustace previously led FHA production at NewPoint, making it an almost exact product-line and customer-overlap peer.
• Meridian Capital Group: Independent CRE mortgage broker (sold to RK Properties) covering multifamily, office, retail, and healthcare financing across capital structures. Hudson's Paul Patafio came from Meridian, and the firms compete directly for middle-market sponsor originations.
• Dwight Capital: Middle-market CRE lender focused on FHA, bridge, and CMBS products for multifamily, healthcare, and seniors housing. Mandi Hackett, Hudson's Chief FHA Underwriter, came from Dwight, and the firms target nearly identical sponsor segments and loan-size ranges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hudson-realty-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hudson Realty Capital