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Beach buys mortgage.


Hudson Realty Capital LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (HRC HRC Human Rights Campaign
HRC Human Rights Council (UN)
HRC Human Rights Commission
HRC Hard Rock Cafe
HRC Hillary Rodham Clinton (democratic senator/presidential candidate; former first lady) 
) of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, has funded a 12-month, $9 million first mortgage loan secured by 294 acres of land--including 4,600 feet of ocean frontage--on St. Croix, U.S. Virgin Islands.

Mortgage loan proceeds will be used to retire the existing debt from site acquisition and fund pre-development costs associated with the proposed development of a full-service, five-star resort.

"This is a unique transaction for us in that we generally shy away from Verb 1. shy away from - avoid having to deal with some unpleasant task; "I shy away from this task"
avoid - stay clear from; keep away from; keep out of the way of someone or something; "Her former friends now avoid her"
 offshore destination-oriented investments. However, in this particular case there are multiple exit strategies for our investment," remarked Spencer Garfield, managing director of HRC, who is responsible for new loan originations The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 and business development nationwide.

The majority of necessary approvals have already been obtained for the development of a resort and convention center, and a contract has been negotiated with Nicklaus Design for a signature golf course. In addition, the Virgin Islands government will provide $41 million in bond financing for the development of a convention center.
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Article Details
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Title Annotation:Hudson Realty Capital Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2006
Words:163
Previous Article:$50M loan is permanent.
Next Article:Fremont inks $24M loan.
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