Astoria Mixed-Use – Debt Acquisition

Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan with a current unpaid balance of roughly $1,300,000. The buildings are located in the Astoria neighborhood of Queens. The subject properties contain four commercial units and three residential units spread over 7,500 SF. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.