Brazos Advisors renamed Hudson Advisors; corporate offices relocated.DALLAS--(BUSINESS WIRE)--April 9, 1997--Brazos Advisors L.L.C. has been renamed Hudson Advisors L.L.C., effective immediately. Concurrently with the name change, Hudson has moved its corporate offices and principal business location from Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , to downtown Dallas Downtown Dallas is the main business district in Dallas, Texas (USA), located in the geographic center of the city. The area officially termed "downtown" is bounded by the downtown freeway loop: bounded on the east by I-345 (although known and signed as the northern terminus of . Hudson continues to maintain offices in Irvine, Calif., Boston, Toronto and Montreal. Hudson Advisors provides a full range of services to its customers including management and marketing of performing and non-performing mortgages; real estate management and valuation; master loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. (rated by Fitch Investor Services); special loan servicing (rated by Standard & Poor's and Fitch); property tax administration; insurance and environmental risk management; and arrangement of acquisition financing or refinancing (including securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. ). Hudson Advisors currently manages nearly $1.3 billion in real estate-related assets, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Scott Harris, the company's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Asset management today is more than just maximizing the value of real estate assets through aggressive leasing and property management," Harris said. "Investors increasingly demand a comprehensive understanding of mortgage markets, lender rights, capital market opportunities, and bankruptcy, tax and environmental laws. Hudson Advisors is well-suited to respond to these specialized needs." The company employs a staff of 90, with trained professionals averaging more than 10 years in asset management, real estate and loan servicing. In addition to continuing to provide asset management services to Brazos Fund, Hudson Advisors will provide similar asset management services to Lone Star Opportunity Fund, which announced its closing on $400 million in commitments on March 3, 1997. Other Hudson Advisors' clients include Goldman Sachs & Co., Whitehall Fund L.P., Argo Partnership L.P. and BlackRock Capital Finance. Hudson Advisors is located at 600 N. Pearl St., Suite 1500, Dallas, TX 75201. The telephone is 214/754-8400. The company can be reached by FAX at 214/754-8401 or via Internet and Email at Hudson-advisors.com CONTACT: Principal Communications, 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 Owen Blicksilver, 212/303-7603 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion