Xinyuan Real Estate’s Hudson 888 gets interim cash collateral access

By Sarah Lizee

Olympia, Wash., Jan. 12 – Hudson 888 Owner LLC, a U.S. subsidiary of China’s Xinyuan Real Estate Co., Ltd., received interim approval to access cash collateral, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

A final hearing is scheduled for Feb. 7.

BH3 Management, LLC has an interest in the collateral. BH3 is currently owed $58.9 million by the debtor under a prepetition mortgage loan.

Xinyuan is a Beijing-based real estate developer and property manager with properties primarily in China. New York-based Hudson 888 filed bankruptcy on Jan. 7 under Chapter 11 case number 24-10021.

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