Selected Transactions for 2016

  • Manhattan & Brooklyn Mixed-Use/Multifamily – Bridge Loan

    Manhattan & Brooklyn Mixed-Use/Multifamily – Bridge Loan

    $4,000,000

    Bridge Loan

    December 2016

    ekfdb

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a roughly $4,000,000 bridge loan secured by five properties throughout Manhattan and Brooklyn. The subject properties are in Central Harlem, Williamsburg, and Bushwick, and contain 54 residential units and 5 commercial units spread across a total of 42,000 SF.  The property owner, a repeat Hirshmark Capital borrower, needed capital to refinance a maturing loan. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Astoria Mixed-Use – Debt Acquisition

    Astoria Mixed-Use – Debt Acquisition

    $1,300,000

    Non-Performing Note Purchase

    December 2016

    fullsizerender-2

    Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan with a current unpaid balance of roughly $1,300,000. The buildings are located in the Astoria neighborhood of Queens. The subject properties contain four commercial units and three residential units spread over 7,500 SF. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.

  • Rego Park Retail – Debt Acquisition

    Rego Park Retail – Debt Acquisition

    $1,500,000

    Non-Performing Note Purchase

    December 2016

    whbl

    Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan and related credit lines with a current unpaid balance of roughly $1,500,000. The building is located in the Rego Park section of Queens. The property is a 6,600 SF single unit retail building, situated on a stretch of local and national retailers. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.

  • Prospect Park South Retail – Property Acquisition

    Prospect Park South Retail – Property Acquisition

    $1,375,000

    Commercial Property Acquisition

    November 2016

    stratford

    Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a commercial property in the Prospect Park South neighborhood of Brooklyn. 1101 Church Avenue is a 2-story brick building, that is 3,600 SF with a max FAR of roughly 6,000 SF.  The property is a block south of Prospect Park, in between Coney Island Avenue and Ocean Avenue, and just a couple of blocks from the F,G,B, and Q trains. Hirshmark purchased the asset, delivered vacant, allowing for immediate short term upside. This is yet another example of Hirshmark Capital’s aggressive appetite in acquiring well trafficked and unique commercial properties throughout NYC.

  • Crown Heights Multi-Family – Bridge Loan

    Crown Heights Multi-Family – Bridge Loan

    $1,000,000

    Bridge Loan

    November 2016

    cheights

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,000,000 bridge loan secured by a multi-family property in the Crown Heights neighborhood of Brooklyn. The subject property is a 7,200 SF, 5-story stone building, with 10 apartments. The borrower needed capital to payoff a maturing bridge loan and to finish renovations on the property. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bed-Stuy / Crown Heights Multifamily – Bridge Loan

    Bed-Stuy / Crown Heights Multifamily – Bridge Loan

    $3,650,000

    Bridge Loan

    October 2016

    johnson

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,650,000 bridge loan secured by three multifamily buildings in the Bed-Stuy and Crown Heights neighborhoods of Brooklyn. The subject properties are all 4-story, brick buildings, that contain 28 residential units, and roughly 26,000 SF combined. The properties are all just 5 blocks from the A and C subway lines. The borrower needed capital to fix numerous violations at the properties, as well as to renovate common areas and vacant apartments. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • East Williamsburg Retail – Bridge Loan

    East Williamsburg Retail – Bridge Loan

    $1,000,000

    Bridge Loan

    October 2016

    index5

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,000,000 bridge loan secured by a two-story retail building in the East Williamsburg neighborhood of Brooklyn. The subject property is a roughly 1,500 SF of restaurant space with rooftop seating. The property is in the heart of East Williamsburg, on one of the busiest retail cross streets, directly outside of the L train subway stop. The borrower needed capital to payoff a maturing loan on a separate property. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bay Ridge Retail – Property Acquisition

    Bay Ridge Retail – Property Acquisition

    Commercial Property Acquisition

    October 2016

    3rd

    Hirshmark Capital, through an affiliate entity, is proud to announce the acquisition of a retail condo in the Bay Ridge neighborhood of Brooklyn. The subject property is on the ground floor of a 4-story, brick building. The property is on 3rd Avenue in Bay Ridge, which is one of the busiest retail corridors in the neighborhood and located just a few blocks from the subway station. The subject property is surrounded by many national tenants, such as Investors Bank, Dunkin Donuts, McDonalds, Rite Aid, and NYSC. Hirshmark purchased the asset, delivered vacant, allowing for immediate short term upside. This is yet another example of Hirshmark Capital’s aggressive appetite in acquiring well trafficked and unique commercial properties throughout NYC.

  • Clinton Hill – Multifamily – Renovation/Bridge Loan

    Clinton Hill – Multifamily – Renovation/Bridge Loan

    $2,100,000

    Renovation/Bridge Loan

    September 2016

     

    MG_WHirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,100,000 renovation/bridge loan secured by a 5-story building in the Clinton Hill neighborhoods of Brooklyn. The subject property is a 6,400 SF brownstone that is being converted into four condominium units. The property is in the heart of Clinton Hill, just blocks away from a major subway station. The borrower needed capital to complete the interior renovations, allowing him to finish the condo conversion. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Flatbush & Bed-Stuy Mixed-Use/Commercial – Bridge Loan

    Flatbush & Bed-Stuy Mixed-Use/Commercial – Bridge Loan

    $3,200,000

    Bridge Loan

    August 2016

    mann5

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,200,000 bridge loan secured by four retail/mixed-use properties in Brooklyn. Two of the four properties are in the Flatbush neighborhood of Brooklyn. Both buildings contain national tenants and are just a few blocks away from major subway stations. The other two properties are in the Bedford-Stuyvesant neighborhood of Brooklyn, in which both are mixed use, and also very close to a major subway station. In total, the loan is collateralized by 15,000 SF of real estate, and 6 commercial spaces and 8 apartments.  The borrower needed capital to close on a TOE purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bushwick Mixed-Use – Property Acquisition

    Bushwick Mixed-Use – Property Acquisition

    $1,400,000

    Property Acquisition

    August 2016

    IMG_7452

    Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a mixed-use property in the Bushwick neighborhood of Brooklyn. 552 Central Avenue is a 3-story building, with 4 apartments, 1 store, and 2 garage spaces. The property is roughly 4,200 SF and is in the Eastern part of Bushwick, just a couple of blocks from the L train subway stop. Hirshmark purchased the property at a sub 5% capitalization rate, with short term upside. This is yet another example of Hirshmark Capital’s aggressive appetite in acquiring well trafficked and unique commercial properties throughout NYC.

  • TriBeCa Mixed-Use – Bridge Loan

    TriBeCa Mixed-Use – Bridge Loan

    $2,700,000

    Bridge Loan

    July 2016

    Tribeca Loan

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,700,000 bridge loan secured by a mixed-use property in the TriBeCa neighborhood of Manhattan. The subject property is a 5-story, elevator building, with 8 apartments and 2 stores. The property is block-through and roughly 19,000 SF. The property is in the heart of TriBeCa, on one of the busiest streets, surrounded by national tenants. The borrower needed capital to payoff a maturing loan and to pay off violations on the building. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Prospect Lefferts Gardens Mixed-Use – Bridge Loan

    Prospect Lefferts Gardens Mixed-Use – Bridge Loan

    $3,750,000

    Bridge Loan

    June 2016

    534 flatbush

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,750,000 bridge loan secured by a mixed-use property in the Prospect – Lefferts Gardens neighborhood of Brooklyn. The property is a two story mixed-use building, comprised of 4 commercial stores and 5 residential apartments. The property is situated just a block from three major subway lines at the Prospect Park Station. The loan is secured by roughly 12,000 SF of real estate, and 20,000 buildable SF. The borrower, an active real estate investor, needed capital to refinance a pending loan maturity. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Williamsburg Re-Development – Bridge/Acquisition Loan

    Williamsburg Re-Development – Bridge/Acquisition Loan

    1,200,000

    Bridge Loan

    May 2016

    292 leonard

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,200,000 bridge/acquisition loan secured by a  mixed-use property in Williamsburg. The property is a 3-story, corner building with 2 apartments and 1 commercial store, located just a block away from the L train. The borrower, an experienced builder, was  faced with a time of the essence closing, which gave him the opportunity to purchase an adjacent parcel next to a re-development site that they already controlled. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • East Harlem Multifamily – Bridge/Renovation Loan

    East Harlem Multifamily – Bridge/Renovation Loan

    Bridge Loan

    May 2016

    e 126th st

    Hirshmark Capital is proud to announce the funding of a  bridge/renovation loan secured a multifamily building in the East Harlem neighborhood of Manhattan. The property is a four-story, brick building, containing 7 units. The property is situated just a few blocks from major subway lines and the 125th St Metro North train station.  The borrower needed capital to renovate and remediate certain ECB/DOB issues. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Queens Taxpayer/Supermarket Commercial – Bridge Loan

    Queens Taxpayer/Supermarket Commercial – Bridge Loan

    $1,050,000

    Bridge Loan

    May 2016

    merrick

     

    Hirshmark Capital is proud to announce the funding of a $1,050,000 bridge loan secured by a single-story commercial building with a large parking lot in the Jamaica neighborhood of Queens. The property is an 11,000 SF brick-building containing 1 commercial unit, which is currently occupied by a major supermarket chain. The property is on a major thoroughfare and the immediate area contains several national retail tenants. The borrowers needed capital in order to refinance a matured loan.  This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Long Island City Multifamily – Debt Acquisition

    Long Island City Multifamily – Debt Acquisition

    Non-Performing Note Purchase

    April 2016

    47th road

     

    Hirshmark Capital is proud to announce the purchase of a non-performing loan collateralized by a multifamily building in the Long Island City neighborhood of Queens. The collateral is a 5,000 SF, 4-story, brick building, containing 8 residential units. The property is a few blocks away from a major subway stop, allowing for a ten minute commute into Manhattan. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.

  • Prospect Heights & East Flatbush Commercial – Bridge/Renovation Loan

    Prospect Heights & East Flatbush Commercial – Bridge/Renovation Loan

    3,200,000

    Bridge Loan

    April 2016

    churchunderhill

     

    Hirshmark Capital is proud to announce the funding of a $3,200,000 bridge/renovation loan secured by two mixed-use properties in Prospect Heights and one retail strip in East Flatbush. The Prospect Heights properties are each 3-stories, one of which is completely vacant. The properties are situated just a few blocks from major subway lines and Prospect Park. The East Flatbush retail strip consists of 5 stores, situated at a major intersection. In total, the loan is secured by roughly 13,000 SF of real estate; 9,000 SF of commercial space and 4,000 SF of residential between four apartments. The borrower needed capital to payoff a pending foreclosure and to gut renovate one of the properties in Prospect Heights. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Long Island City Vacant Land – Construction Loan

    Long Island City Vacant Land – Construction Loan

    $1,250,000

    Bridge Loan

    April 2016

    pearson

    Hirshmark Capital is proud to announce the funding of a $1,250,000 construction bridge loan secured by a vacant development site, in the Long Island City neighborhood of Queens. The property has 12,500 buildable SF, with plans for an 8-story residential building. The property is situated just a block from major subway lines. The borrower, an active contractor, demanded a quick closing for his business endeavors. Hirshmark Capital worked closely with the borrower and accommodated the time of the essence transaction, closing in one week from execution of the term sheet. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Manhattan Mixed-Use – Debt Acquisition

    Manhattan Mixed-Use – Debt Acquisition

    Non-Performing Note Purchase

    April 2016

    237 e 31st

    Hirshmark Capital is proud to announce the purchase of a non-performing loan secured by a 6-story mixed-use building, in the Kips Bay neighborhood of Manhattan. The property has a community facility and four apartments above, and consists of roughly 9,500 SF. The property is situated just a few blocks from major subway lines. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.

  • Clinton Hill Non-Performing Construction – Debt Acquisiton

    Clinton Hill Non-Performing Construction – Debt Acquisiton

    Non-Performing Note Purchase

    April 2016

    IMG_5896

    Hirshmark Capital is proud to announce the purchase of a non-performing construction loan, secured by two unfinished 4-story buildings, in the Clinton Hill neighborhood of Brooklyn. The properties consist of roughly 10,000 sf and 12 apartments. The properties are situated just a few blocks from a major subway line. The seller, a local lending institution, demanded a closing time-frame of one week, all while there were a number of stop work orders and numerous construction related violations filed against the property. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans in a time sensitive manner, all while being able to get comfortable with a host of legal and construction related issues surrounding the transaction.

     

  • Fort Greene & Prospect Heights Mixed Use – Bridge Loan

    Fort Greene & Prospect Heights Mixed Use – Bridge Loan

    Bridge Loan

    April 2016

    atlanticadelphiHirshmark Capital is proud to announce the funding of a bridge loan secured by three properties in the Fort Greene and Prospect Heights neighborhoods of Brooklyn. The properties are a mix of residential and commercial units, which totals roughly 8,000 SF. The properties are situated just a few blocks from Brooklyn Navy Yard, Downtown Brooklyn, and a major subway line. The borrower was seeking to renovate and refinance his properties. Hirshmark Capital worked closely with the borrower and accommodated the time of the essence transaction. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Manhattan & Brooklyn – Bridge Loan

    Manhattan & Brooklyn – Bridge Loan

    $3,500,000

    Bridge Loan

    April 2016

    homecrest 52

    Hirshmark Capital is proud to announce the funding of two unrelated bridge loans last week; a six-family in Sheepshead Bay and a residential condo unit in Manhattan for a total origination of $3,500,000 in debt. Each borrower was seeking capital for external business purposes. Hirshmark Capital worked closely with the borrowers and accommodated the time of the essence transaction. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Williamsburg Mixed Use – Bridge Loan

    Williamsburg Mixed Use – Bridge Loan

    Bridge Loan

    February 2016

    576112

    Hirshmark Capital is proud to announce the funding of a bridge loan secured by a 4-story mixed-use building, in the Williamsburg neighborhood of Brooklyn. The property contains 4 residential units and 3 commercial units and consists of roughly 6,000 sf. The property is situated just a few blocks from a major subway line. The borrower was seeking financing for other business purposes. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Queens Retail/Re-Development Site – Debt Acquisition

    Queens Retail/Re-Development Site – Debt Acquisition

    $2,800,000

    Performing Loan Purchase

    January 2016

    8047905

    Hirshmark Capital is proud to announce the purchase of a performing loan accruing at a conventional bank interest rate with a current unpaid balance of $2.8MM. The seller, who had sold the property a year ago and took back owner financing, wanted to cash out and move on to other business endeavors. The loan is secured by a 16,400 SF one-story commercial building located within the heart of a busy retail corridor on Roosevelt Ave, and has roughly 21,000 sf of buildable air rights. It is situated two blocks from a major subway and on the same block as many national retailers. Hirshmark Capital’s patient long term capital, overall comfort in the retail centric asset class, as well as performing loans, led to a seamless opportunity for the seller to take advantage of.

  • Queens Retail/Re-Development Site – Debt Acquisition

    Queens Retail/Re-Development Site – Debt Acquisition

    $1,500,000

    Loan Purchase

    January 2016

    7301249

    Hirshmark Capital is proud to announce the purchase of a non-performing loan, and related credit lines with a current unpaid balance of $1.5MM from a local lending institution. The loan is secured by a 5,400 SF one-story, corner building, containing 1 commercial unit and a parking lot. The collateral boasts almost 190 feet of wraparound retail frontage, and also contains 22,000 sf of buildable air rights. It is situated on the corner of a very busy intersection and on the same block as a number of national retailers. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt, as well as overall comfort in the retail centric asset class, led to a quick and seamless purchase.

  • Prospect Lefferts Gardens Retail – Bridge Loan

    Prospect Lefferts Gardens Retail – Bridge Loan

    $2,500,000

    Bridge Loan

    January 2016

    5283196

    Hirshmark Capital is proud to announce the funding of a $2.5 MM bridge loan secured by two one-story retail buildings, in the Prospect Lefferts Gardens neighborhood of Brooklyn. The properties consist of roughly 6,000 sf, including 160 feet of retail frontage on a major retail corridor. The property is situated across the street from major subway lines. The borrower, a local investor, came to Hirshmark Capital seeking financing for their time of the essence closing on the purchase of the property. The transaction closed in 4 business days from the time of the borrower’s first call to closing. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.