Queens Unsold Cooperative Residential Shares – Debt Acquisition

Hirshmark Capital is proud to announce the purchase of a non-performing loan from a local lending institution. The loan is secured by 21 unsold cooperative apartments within a 16-buiilding, 617-unit residential complex in the Astoria neighborhood of Queens. The complex is situated on the same block as a number of national retailers, as well a subway entrance for two main train lines. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase.