Sunset Park Development Site – Acquisition 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 property and a retail strip in the Sunset Park neighborhood of Brooklyn. The subject property is a 75×100 corner lot, with 30,000 buildable SF. The property has month to month leases and prime for future development. The property is in the heart of Sunset Park, just a few blocks from a major subway line. The borrower needed financing for 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.