...Hudson Americas L.P. (Hudson, or the company) is a U.S. subsidiary of Hudson Advisors L.P. (Hudson Advisors), the asset manager and commercial real estate (CRE) servicer for the private equity firm Lone Star Funds (Lone Star). The founder of Hudson Advisors is a principal of Lone Star. In addition to special servicing responsibilities, Hudson Advisors and its subsidiaries, including Hudson, underwrite and develop prospective resolution strategies for fund investments that include subperforming and nonperforming CRE loans. Hudson's business model is primarily dependent on the investments made by the private equity funds organized by the principals of Lone Star, which have mainly been focused on equity acquisitions in recent years. Previously, loan servicing assignments were obtained from an affiliate debt origination platform suspended in 2017. The majority of Hudson's servicing portfolio is held by certain Lone Star funds, whose investment-hold periods are maturing, resulting in a declining...
