Hudson Companies borrows $50M from Ares Commercial Real Estate for property in Williamsburg

Hudson Companies through the entity 125 Metropolitan Owner LLC as borrower signed a loan agreement with lender Ares Commercial Real Estate Management through the entity Aresif Lender LLC valued at $50.0 million for 6 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 135 residential units at 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, and others in Williamsburg. The deal closed on October 8, 2019 and was recorded on October 16, 2019.

The average loan per unit is $370,370.

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