Transactions
Williamsburg Mixed-Use
Mixed-Use | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,000,000 bridge loan secured by a mixed-use building in the Williamsburg neighborhood of Brooklyn. The 6,000 SF building contacts two commercial units and five residential units. The borrower needed capital to refinance a maturing loan.
Queens Industrial & Brooklyn Multifamily
Industrial | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 acquisition loan secured by an industrial building in Queens and a multifamily building in Brooklyn. The Queens industrial building is a 4,000 SF new construction building in the Woodside neighborhood. The Brooklyn multifamily building is a 5,000 SF 6-family, which was purchased at auction. The borrower needed capital to finance the purchase of the multifamily building..
Bay Harbor Development Site
Development Site | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,850,000 bridge loan secured by a development site in the Bay Harbor neirhborhood of Miami. The loan is secured by a 23,000 SF parcel, which will be developed into an 18-unit residential condo building. The borrower needed capital to refinance a maturing loan.
Chinatown Mixed-Use Package
Mixed-Use | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,500,000 acquisition loan secured by three properties in the Chinatown neighborhood of Manhattan. The loan is secured by a total of 23,000 SF between the three buildings with 14 residential units and 5 commercial units. The borrower needed capital to purchase one of the buildings.
Corona Three-Property Package
Mixed-Use | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,500,000 construction completion loan secured by three properties in the Corona neighborhood of Queens. The loan is secured by a total of 16,000 SF between the three buildings with 10 residential units and 10 commercial units. The borrower needed capital to refinance and complete the construction of one building, which will be a 10,000 SF 8-family.
Cobble Hill Single Family
Single Family | Construction LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,500,000 construction loan secured by a single family house in the Cobble Hill neighborhood of Brooklyn. Upon completion, the subject property will be a 25-foot-wide, 5,000 SF, luxury single family residence for sale. The borrower needed capital to refinance and complete the construction.
Brownsville Industrial
Industrial | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,300,000 bridge loan secured by an industrial building in the Brownsville neighborhood of Brooklyn. The subject property is 20,000 SF and benefits from 78,000 BSF. The borrower needed capital to refinance a maturing loan.
Flushing Multifamily
Multifamily | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,100,000 acquisition/bridge loan secured by a multifamily building in the Flushing neighborhood of Queens. The subject property is over 60,000 SF with 80 residential units. The borrower needed capital to fund a TOE closing.
Bronx Development Site
Development Site | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,700,000 acquisition/bridge loan secured by a development site in the Tremont neighborhood of the Bronx. The subject property is on Jerome Avenue, which has recently been rezoned to allow for residential development. The borrower needed capital to fund a TOE closing.
Lower East Side Development Site
Development Site | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,450,000 bridge loan secured by a development site in the Lower East Side neighborhood of Manhattan. The developer has approved plans to construct a 13,000 SF condo building. The borrower needed capital to refinance a maturing loan.
Greenwich Village Retail
Retail | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,000,000 bridge loan secured by a commercial building in the Greenwich Village neighborhood of Manhattan. The building is 13,000 square feet with retail and offices on the upper floors. The borrower needed capital to refinance a maturing loan.
Miami Retail
Retail | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,600,000 acquisition/bridge loan secured by a retail building in the North Miami neighborhood of Florida. The building is over 16,000 SF and fully occupied at the time of closing. The borrower needed capital for a TOE closing.
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