Hudson on move as firm continues to grow.Hudson Realty Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control recently relocated to 250 Park Avenue South in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The move to larger offices is indicative of the overall growth of the company since its inception in 2002. 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) provides debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to the previously under-served middle-market investment arena. This niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. is key to the company's growth and expansion. The company's activities include originating, participating in, servicing, restructuring and/or acquiring high-yield, special situation debt and mezzanine loans. Also, HRC invests on a leveraged basis directly in real estate and acquires under-performing real estate assets and other real estate-related instruments. "Since we started the company in 2002, we have completed more than 100 transactions, with asset values of more than $1.2 billion," noted Managing Director Sandy Herrick. "We are currently managing a diverse portfolio of more than 70 loans and real estate investments. "The move to a larger space was necessary as we started with a staff of five and have now grown to 24 full-time employees." HRC, a qualified Minority Business Enterprise (MBE MBE (in Britain) Member of the Order of the British Empire MBE n abbr (BRIT) (= Member of the Order of the British Empire) → título ceremonial MBE n abbr (Brit) (= ), attributes its success to several factors including its niche positioning as a middle market real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. . By concentrating on investments under $25 million, the company has tapped into a market underserved by traditional lenders and investors. "Our focus has not changed since we started the company," explained Spencer Garfield, managing director. "HRC's deals are still defined primarily by two requirements: opportunistic investments, which are on the high end of the risk-reward spectrum, and the size--typical investments are $2 to $25 million. HRC is known for its flexibility. The company has invested across the country as well as select international investments in a range of asset types. HRC will invest anywhere in the capital structure from first mortgage to equity, which also demonstrates its flexibility. The diversity of recent HRC investments illustrate this flexibility: An equity investment in a 630,000 square-foot office/flex building in Conshocken, Pa.; A preferred equity investment in two residential developments in Palm Springs, Calif.; A mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the for a multifamily property under construction in Brooklyn, N.Y.; An equity investment in a residential development in Los Cabos Los Cabos is a municipality located at the southern tip of Mexico's Baja California Peninsula, in the state of Baja California Sur. It encompasses the towns of Cabo San Lucas and San José del Cabo, as well as the Resort Corridor that lies between the two. , Mexico and; first mortgage for a proposed retail development in Howell, N.J. While the new larger offices and the continued staff expansion are indicative of the company's growth, HRC leadership emphasizes that this growth has been carefully planned and managed. "There are different ways to grow a company," Garfield explained. "You can expand it very quickly and hope that business growth follows. You can have a game plan of growing quickly and then selling the business quickly. Or, you can grow the way we have, which is very organically." |
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