Transactions

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,000,000 bridge loan secured by two retail properties in New York City. The collateral consisted of a 3,000 SF retail building in Queens and a 10,000 SF retail condo in Manhattan. The Borrower needed capital for other business purposes.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,000,000 bridge loan secured by a mixed-use building in the Greenpoint neighborhood of Brooklyn. The collateral consists of a 6,000 square foot building with two apartments and a store. The Borrower needed capital to refinance a maturing loan and additional proceeds to complete the renovation of the property.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,000,000 acquisition loan secured by two retail buildings in Brooklyn. The Borrower purchased a 5,000 square foot retail building in the Prospect Park South neighborhood of Brooklyn and Hirshmark provided 100% financing. The Borrower provided an additional retail building as collateral in the Flatbush neighborhood of Brooklyn, which was unencumbered. The Borrower needed capital to close on a TOE purchase.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,250,000 bridge loan secured by a mixed-use and multifamily property in the East Harlem neighborhood of Manhattan. The collateral consists of two buildings totaling 45,000 square feet and 65 units. The Borrower required fast, flexible capital to purchase defaulted debt at a discount, creating a unique opportunity to regain control of the asset. Hirshmark was able to close the transaction in just 7 days.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,750,000 construction loan secured by a mid-construction multifamily building. Upon completion, the building will contain 6 residential condo units. The Borrower needed capital to refinance a maturing loan and complete the construction.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,900,000 bridge loan secured by two development sites in southern Brooklyn. The two sites total 64,000 BSF of residential and commercial zoning. The Borrower needed capital for other business purposes.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,150,000 bridge loan secured by a mixed-use retail building in the Design District neighborhood of Miami, Florida. The subject property is 5,000 SF and home to a well known Miami restaurant, Mandolin. The Borrower needed capital to refinance a maturing loan.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $50,000,000 construction completion loan secured by a mid-construction 170,000 square-foot multifamily building and seven industrial buildings throughout Brooklyn. Upon completion, the Park Slope multifamily building will have 144 residential units. The loan was cross collateralized by seven industrial buildings in Sunset Park. The Borrower needed capital to refinance a maturing loan and complete the construction of the multifamily building.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,500,000 construction loan secured by a multi townhome development in the Red Hook neighborhood of Brooklyn . Upon completion, there will be four, 3,000 SF townhomes. The Borrower needed capital to complete the construction.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 bridge loan secured by a development site in the Norwood neighborhood of the Bronx . The site has 43,000 BSF of residential zoning directly on Williamsbridge Oval Park. The Borrower needed capital to refinance a maturing loan.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,000,000 acquisition loan secured by a mixed-use building in the Washington Heights neighborhood of Manhattan. The 50,000 SF building contains 44 apartments and 3 stores. The Borrower needed capital to close on a TOE purchase.

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,850,000 acquisition & bridge loan secured by a mixed-use building in the Astoria neighborhood of Queens. The 15,000 SF building contains 15 apartments and a retail space. The Borrower needed capital to close on a TOE purchase.