Hudson Companies borrows $17M from M&T Bank for property in Clinton Hill

Hudson Companies through the entity Athena Housing Associates, LLC as borrower signed a loan agreement with lender M&T Bank valued at $17 million for 2 parcels containing 115 residential units at 1047 Fulton Street and 909 Atlantic Avenue in Clinton Hill. The deal closed on June 4, 2020 and was recorded on June 8, 2020.

The average loan per unit is $147,826.
This is additional financing on top of existing debt.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link