Hudson·26
A principal buyer of small-balance commercial real estate notes.
Est. 2026
Approach

Principal capital, deployed across the commercial mortgage credit spectrum.

Hudson 26 acquires and trades commercial real estate notes as principal, across the full spectrum of credit — from performing yield positions to sub-performing and non-performing assets. We invest our own capital and transact bilaterally, on terms and timelines we control.

Underwriting-first

Every position is underwritten at the asset level — collateral, chain of title, and credit history examined in depth before capital is committed.

Certainty of execution

We commit our own capital and close on defined terms — giving sellers the execution certainty that a bilateral counterparty provides and an auction cannot.

A focused mandate across the credit spectrum.

Hudson 26 invests as principal across four segments of commercial mortgage credit, unified by asset-level underwriting and direct origination.

01 / NPL

Non-Performing

First and second lien non-performing commercial real estate notes, acquired directly and worked to resolution.

02 / Yield

Performing

Seasoned performing notes offering durable, risk-adjusted yield across property types.

03 / Special Situations

Scratch & Dent

Re-performing and complex-documentation positions the standardized market overlooks or misprices.

04 / Secondary

Secondary

Discretionary secondary positions in commercial mortgage credit, acquired and disposed on a selective basis.

Operating principles.

Our conduct is deliberate, our terms are clear, and we close what we commit to.

Focus
$0.5–10M
Single assets and small pools, where scale is a disadvantage and close diligence is rewarded.
Method
Loan-Level
Every position underwritten individually — collateral, title, and credit reviewed asset by asset.
Channel
Bilateral
Direct, bilateral relationships with banks, servicers, and institutional sellers.
Contact

For sellers, counterparties, and workout desks.

Hudson 26 evaluates opportunities directly and confidentially. If you are holding a commercial real estate note — or looking to place one — we welcome the conversation.

[email protected]