Selected Transactions for 2020

  • Astoria Multifamily – Construction Completion/Bridge Loan

    Astoria Multifamily – Construction Completion/Bridge Loan

    $3,500,000

    Bridge Loan

    July 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,500,000 bridge loan secured by a multifamily building in the Astoria neighborhood of Queens. The building, which is 95% complete, will be 14,000 SF with 20 residential units. The subject property is just a few block from the N & W trains, which lends a quick commute to Manhattan. The borrower needed capital to refinance an existing loan and cash out enough to complete the project. This is yet another example of our aggressive appetite in providing short-term bridge financing in a time sensitive manner.

  • Harlem Multifamily – Note on Note Financing

    Harlem Multifamily – Note on Note Financing

    $950,000

    Hypothecation Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $950,000 loan  of a mortgage secured by a 5,200 SF, 8-family in the West Harlem neighborhood of Manhattan. Our borrower, an active bridge lender, needed financing to buy out a partner. This is yet another example of our aggressive appetite in providing diverse short term bridge financing in a time sensitive matter.

  • Williamsburg Mixed-Use – Bridge Loan

    Williamsburg Mixed-Use – Bridge Loan

    $1,100,000

    Bridge Loan

    June 2020


    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,100,000 bridge loan secured by a mixed-use building in the Williamsburg neighborhood of Brooklyn. The subject property is roughly 6,000 SF with three retail units and four apartments. The borrower needed capital for other business purposes. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner

  • Prospect Heights Retail – Bridge Loan

    Prospect Heights Retail – Bridge Loan

    $750,000

    Bridge Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $750,000 bridge/acquisition loan secured by a retail building/development site in the Prospect Heights neighborhood of Brooklyn. The subject property is 2 blocks from Barclays Center, right off of a major retail thoroughfare. The borrower entered into a contract of sale pre COVID and when his existing lender backed out of the deal, Hirshmark was able to close within 10 days of a signed term sheet.  This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Rego Park Construction Completion – Bridge Loan

    Rego Park Construction Completion – Bridge Loan

    $1,250,000

    Bridge Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a bridge loan secured by a mid-construction site in the Rego Park neighborhood of Queens. The subject property will be 21,000 SF upon completion. The borrower was developing with cash, however needed capital to complete the building. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Williamsburg Mixed-Use – Bridge Loan

    Williamsburg Mixed-Use – Bridge Loan

    $1,750,000

    Bridge Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,750,000 bridge loan secured by a mixed-use building in the Williamsburg neighborhood of Brooklyn. The subject property is roughly 6,500 SF and contains a store and 3 apartments. The building is on a major retail thoroughfare with the subway letting out on the block. The borrower needed capital to refinance and cash out enough to renovate the residential portion of the building. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Manhattan Mixed-Use – Bridge Loan

    Manhattan Mixed-Use – Bridge Loan

    $2,100,000

    Bridge Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,100,000 bridge loan secured by a mixed-use building in the Hell’s Kitchen neighborhood of Manhattan. The subject property has 22 residential units and 2 commercial units and just a few blocks from Penn Station. The borrower needed capital to buyout a partner and renovate the property. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Clinton Hill Multifamily – Bridge Loan

    Clinton Hill Multifamily – Bridge Loan

    $3,500,000

    Bridge Loan

    June 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,500,000 bridge loan secured by two building in Clinton Hill totaling 7 units. The subject properties are both condo conversions and nearly complete. The borrower needed financing to retire existing debt and cash out enough to complete the conversions. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Queens Retail – Bridge Loan

    Queens Retail – Bridge Loan

    $1,500,000

    Bridge Loan

    March 2020


    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 bridge loan secured by a retail strip and development site in the Corona neighborhood of Queens. The retail strip has contains 6 stores on a major retail thoroughfare and 2 blocks from the subway. The development site is across the street and has roughly 11,000 BSF with 30 feet of frontage on the avenue. The borrower needed financing for the construction of the vacant lot, using both pieces as collateral. The borrower wanted flexibility and certainty of execution rather than the red tape of a bank. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Williamsburg Development Site – Bridge Loan

    Williamsburg Development Site – Bridge Loan

    $1,500,000

    Bridge Loan

    March 2020


    Hirshmark 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 Williamsburg neighborhood of Brooklyn. The subject property has 6,750 BSF and is two blocks from the L-train as well as Apple, Equinox, Chase Bank, etc. The borrower needed financing for other business purposes. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bed Stuy Mixed-Use – Bridge Loan

    Bed Stuy Mixed-Use – Bridge Loan

    $1,100,000

    Bridge Loan

    February 2020


    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,100,000 bridge loan secured by a mixed-use building in the Bedford Stuyvesant neighborhood of Brooklyn. The subject property is roughly 10,000 SF with 10 apartments and 3 stores. The borrower needed capital to refinance and renovate units in the building. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Flatbush Development Site – Bridge Loan

    Flatbush Development Site – Bridge Loan

    $4,400,000

    Bridge Loan

    February 2020


    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,400,000 bridge loan secured by a development site in the Flatbush neighborhood of Brooklyn. The subject property has 45,000 BSF and is a few blocks from the 2 and 5 trains. The borrower needed financing to close on a JV agreement with the current owner. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Prospect Heights Mixed-Use – Bridge Loan

    Prospect Heights Mixed-Use – Bridge Loan

    $1,425,000

    Bridge Loan

    January 2020


    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,425,000 bridge loan secured by a mixed-use building and carriage house in the Crown Heights neighborhood of Brooklyn. The mixed-use building is roughly 3,000 SF with a store and two apartments and the carriage house is roughly 1,500 SF. The borrower needed capital for other business purposes. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Carroll Gardens Condo Inventory – Bridge Loan

    Carroll Gardens Condo Inventory – Bridge Loan

    $7,500,000

    Bridge Loan

    January 2020

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $7,500,000 bridge loan secured by a condo building in the Carroll Gardens neighborhood of Brooklyn. The subject property is roughly 11,000 SF, with 6 condo units, a block from a major retail corridor and subways. The borrower needed capital to refinance a maturing construction loan. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.