Transactions
Bronx Development Site
Development Site | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 bridge loan secured by a development site in the Norwood neighborhood of the Bronx . The site has 43,000 BSF of residential zoning directly on Williamsbridge Oval Park. The Borrower needed capital to refinance a maturing loan.
Washington Heights Mixed-Use
Mixed-Use | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,000,000 acquisition loan secured by a mixed-use building in the Washington Heights neighborhood of Manhattan. The 50,000 SF building contains 44 apartments and 3 stores. The Borrower needed capital to close on a TOE purchase.
Astoria Mixed-Use
Mixed-Use | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,850,000 acquisition & bridge loan secured by a mixed-use building in the Astoria neighborhood of Queens. The 15,000 SF building contains 15 apartments and a retail space. The Borrower needed capital to close on a TOE purchase.
Upper West Side Multifamily & Miami Condo
Multifamily | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,470,000 bridge loan secured by a multifamily building in the Upper West Side neighborhood of Manhattan and an investment condo in the Coconut Grove neighborhood of Miami. The 7,000 SF building contains 10 apartments and steps from Central Park and the condo unit is 2,400 SF with ocean views. The borrower needed capital for other business purposes.
Rego Park Multifamily
Multifamily | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,600,000 bridge loan secured by a multifamily building in the Rego Park neighborhood of Queens. The subject property is over 100,000 SF with 96 residential units. The borrower needed capital to refinance a maturing loan.
East Williamsburg Multifamily
Condo Inventory | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $7,750,000 bridge loan secured by a new construction condo building in the East Williamsburg neighborhood of Brooklyn. The subject property is 25,000 SF with 21 residential units. The borrower needed capital to refinance a maturing bank loan and time to sell the remaining units.
Upper East Side Investment Co-Op
Single Family | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,300,000 bridge loan secured by an investment co-op on the Upper East Side of Manhattan. The subject unit is over 4,500 SF across two floors, facing Central Park. The borrower needed capital for other business purposes.
Chelsea Mixed-Use
Mixed-Use | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,200,000 bridge loan secured by a mixed-use building in the Chelsea neighborhood of Manhattan. The subject property is 10,000 SF with 12 residential units and 2 retail units and directly across from the Highline. The borrower needed capital to refinance a maturing bank loan. This transaction was negotiated by Hirshmark’s Jake Soodek.
Rego Park Development Site
Development Site | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,280,000 acquisition/bridge loan secured by a development site in the Rego Park neighborhood of Queens. The subject property sold for $3,600,000 with approved plans for 28,000 BSF of residential zoning. The borrower needed capital to close on a TOE contract.
Williamsburg Mixed-Use
Mixed-Use | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,500,000 acquisition/bridge loan secured by a mixed-use building in the Williamsburg neighborhood of Brooklyn. The building is 18,000 SF with 10 residential and 3 retail units, just steps from Bedford Avenue. The borrower needed capital to close on a TOE contract.
Bushwick Retail/Industrial
Retail | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,900,000 bridge loan secured by a retail and industrial building in the Bushwick neighborhood of Brooklyn. The 15,000 SF building is home to the famous Roberta’s Pizza. The borrower needed capital to refinance a maturing loan.
Fordham Development Site
Development Site | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,100,000 bridge loan secured by a development site in the Fordham neighborhood of the Bronx. The 12,000 SF lot has as-of-right zoning for 66,000 BSF. The borrower needed capital to refinance a maturing loan.
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