Transactions
Woodside Development Site
Land | Acquisition LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,050,000 acquisition/bridge loan secured by a development site in the Woodside neighborhood of Queens. The 12,000 SF site allows for 24,000 BSF. The borrower needed capital to acquire the asset with a TOE closing.
Elmhurst Mixed-Use
Mixed-Use | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,750,000 bridge loan secured by a mixed-use building in the Elmhurst neighborhood of Queens. The 17,000 SF building contains 12 apartments and an 8,000 SF retail space. The borrower needed capital to refinance a maturing loan.
Astoria Multifamily & Mixed-Use Package
Multifamily | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,250,000 bridge loan secured by a package of mixed-use and multifamily buildings in the Astoria neighborhood of Queens. The four buildings total 21,000 square feet with 21 residential units and 2 retail units. The borrower needed capital to refinance maturing loans.
Brighton Beach Multifamily
Condo Inventory | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,400,000 bridge loan secured by a new construction condo building in the Brighton Beach neighborhood of Brooklyn. The 15,000 SF building contains 20 residential units. The borrower needed capital to refinance a maturing construction loan and more time to sell the units.
West Village Mixed-Use
Mixed-Use | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,800,000 bridge loan secured by a mixed-use building in the West Village neighborhood of Manhattan. The 10,000 SF building consists of 6 apartments and 2 stores. The borrower needed capital to refinance a maturing loan.
Astoria Multifamily
Condo Inventory | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $19,000,000 bridge loan secured by a new construction condo building in the Astoria neighborhood of Queens. The 30,000 SF building contains 29 residential units and is just a block from the East River. The borrower needed capital to refinance a maturing loan and more time to sell the units.
Upper West Side Townhouse
Multifamily | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,700,000 bridge loan secured by a townhouse on the Upper West Side of Manhattan. Upon completion, the property will be 3,700 SF across 5 floors. The borrower needed capital to complete the renovation.
Greenpoint Multifamily
Multifamily | Construction LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,700,000 acquisition & construction loan secured by a development site in the Greenpoint neighborhood of Brooklyn. The completed building will be 10,000 SF with five condominium units for sale. The borrower needed capital the acquisition and construction of the development.
Tampa Development Site
Development Site | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,700,000 bridge loan secured by a development site in Tampa, Florida. The property totals 17 acres of vacant land, with 450 feet of waterfront and approved zoning for 101 townhomes. The borrower needed capital for other business purposes.
Bensonhurst Retail
Retail | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,400,000 bridge loan secured by a retail property in the Sheepshead Bay neighborhood of Brooklyn, NY. The 8,000 SF building is one block from the subway and includes a parking lot with 5,000 BSF of residential zoning. The borrower needed capital for a partnership buyout.
Dallas Multifamily
Multifamily | Bridge LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,350,000 bridge loan secured by a multifamily building in the East Dallas neighborhood of Dallas, Texas. The 8,000 SF building is new construction with 8 total units. The borrower needed capital to refinance a maturing loan construction loan.
Boerum Hill Multifamily
Multifamily | Construction LoanHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,500,000 construction loan secured by a multifamily building in the Boerum Hill neighborhood of Brooklyn. The 5,000 SF building will have two luxury units upon completion. The borrower needed capital to refinance a maturing loan and complete the construction.
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