Sheepshead Bay Land – Acquisition Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,060,000 acquisition loan secured by a development site in the Sheepshead Bay neighborhood of Brooklyn. The loan is collateralized by three parcels, totaling 80,000 buildable SF and 350 feet of wraparound frontage. The borrower needed capital to acquire the development site with a TOE closing. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.