Selected Transactions for 2021

  • Canarsie Industrial – Bridge Loan

    Canarsie Industrial – Bridge Loan

    $5,500,000

    Bridge Loan

    December 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,500,000 bridge loan secured an industrial property in the Canarsie neighborhood of Brooklyn. The subject property has over 500 feet of wraparound frontage and is roughly 50,000 SF. The borrower needed capital to refinance an existing loan.

  • Manhattan Investment Condo – Acquisition/Bridge Loan

    Manhattan Investment Condo – Acquisition/Bridge Loan

    $1,800,000

    Bridge Loan

    November 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,800,000 bridge/acquisition loan secured an investment condo in the Murray Hill neighborhood of Manhattan. The borrower needed capital to close on a TOE purchase.

  • Southern Brooklyn Multifamily – Bridge Loan

    Southern Brooklyn Multifamily – Bridge Loan

    $10,500,000

    Bridge Loan

    November 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $10,500,000 bridge loan secured by three buildings in Southern Brooklyn. Between the three buildings there are 2 commercial tenants and 127 residential units. The borrower needed capital to refinance an existing loan.

  • Maspeth Industrial – Bridge Loan

    Maspeth Industrial – Bridge Loan

    $750,000

    Bridge Loan

    October 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $750,000 bridge loan secured by an industrial site in the Maspeth neighborhood of Queens. The lot contains a 5,000 square foot building, however the site has 60,000 buildable square feet. The borrower needed capital for other business purposes.
  • Long Island Retail – Loan on Loan Financing

    Long Island Retail – Loan on Loan Financing

    $4,000,000

    Hypothecation Loan

    October 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,000,000 hypothecation (note on note) loan, in which the underlying collateral is a 35,000 SF retail/office property on Long Island. The borrower needed capital to acquire the loan from a local bank in a TOE transaction.

  • Queens Retail & Mixed-Use – Bridge Loan

    Queens Retail & Mixed-Use – Bridge Loan

    $4,050,000

    Bridge Loan

    September 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,050,000 bridge loan secured by two mixed-use buildings in Long Island City and a retail building in Fresh Meadows, Queens. The properties contain 3 retail units and 6 apartments, totaling over 12,000 SF. The borrower needed capital to refinance an existing loan.

  • Financial District Mixed-Use – Acquisition/Bridge Loan

    Financial District Mixed-Use – Acquisition/Bridge Loan

    $4,100,000

    Bridge Loan

    September 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,100,000 acquisition/bridge loan secured by a mixed-use building in the Financial District of Manhattan. The building is roughly 8,000 SF with 3 apartments and a restaurant. The borrower needed capital to close on a TOE contract.

  • Kensington Multifamily – Construction/Bridge Loan

    Kensington Multifamily – Construction/Bridge Loan

    $4,000,000

    Construction Loan

    September 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,000,000 construction/bridge loan secured by a mid-construction multifamily building in the Kensington neighborhood of Brooklyn. Upon completion, the building will be 25,000 SF and contain 30 condominium units.The borrower needed capital for the construction of the property.

  • Boerum Hill Mixed-Use – Bridge Loan

    Boerum Hill Mixed-Use – Bridge Loan

    $1,000,000

    Bridge Loan

    September 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,000,000 bridge loan secured by a mixed-use building in the Boerum Hill neighborhood of Brooklyn. The building contains 2 residential units and 1 retail unit. The borrower needed capital to refinance a maturing loan. 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

    August 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 bridge loan secured by a commercial building in the Elmhurst neighborhood of Queens. The building is 15,000 SF and just a few blocks from the subway. The borrower needed capital to refinance an existing loan. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • South Slope/Sunset Park Mixed-Use/Multifamily – Bridge Loan

    South Slope/Sunset Park Mixed-Use/Multifamily – Bridge Loan

    $15,000,000

    Bridge Loan

    August 2021

     

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $15,000,000 bridge loan secured by six buildings in the South Slope and Sunset Park neighborhoods of Brooklyn. The buildings total 58,000 SF with 50 residential units and 10 commercial units. The borrower needed capital to refinance an existing loan. 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

    $3,200,000

    Bridge Loan

    August 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,200,000 bridge loan secured by the three remaining condo units in a new construction building in Brooklyn. The remaining units total 6,500 net sellable SF. The borrower needed capital to refinance a maturing loan. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • South Brooklyn Office/Retail – Bridge Loan

    South Brooklyn Office/Retail – Bridge Loan

    $2,200,000

    Bridge Loan

    July 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,200,000 bridge loan secured by an office/retail building in Southern Brooklyn. The subject property is 15,000 SF. The borrower needed capital to refinance a maturing loan and complete interior renovations. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bedford-Stuyvesant Condo Inventory – Bridge Loan

    Bedford-Stuyvesant Condo Inventory – Bridge Loan

    $1,300,000

    Bridge Loan

    July 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,300,000 bridge loan secured by a multifamily building in the Bed-Stuy neighborhood of Brooklyn. The subject property is 4,000 SF and comprised of 4 units to be sold as individual condominiums. The borrower needed capital to refinance a maturing loan and the time necessary to sell each unit. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Times Square Mixed-Use – Bridge Loan

    Times Square Mixed-Use – Bridge Loan

    $1,400,000

    Bridge Loan

    July 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,400,000 bridge loan secured by two side-by-side mixed-use buildings in the Times Square/Hell’s Kitchen neighborhood of Manhattan. The subject properties total 7,500 SF with 5 residential units and 2 retail units. 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.

  • Park Slope Multifamily & Coney Island Mixed-Use – Bridge Loan

    Park Slope Multifamily & Coney Island Mixed-Use – Bridge Loan

    $35,000,000

    Bridge Loan

    June 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $35,000,000 bridge loan secured by a multifamily building in the Park Slope neighborhood of Brooklyn and a mixed-use building in the Coney Island neighborhood of Brooklyn. The subject properties total 190,000 SF with 150 residential units and 5 commercial units. The borrower needed capital to purchase a separate property with a TOE. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Hell’s Kitchen Condo Inventory – Bridge Loan

    Hell’s Kitchen Condo Inventory – Bridge Loan

    $9,200,000

    Bridge Loan

    June 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $9,200,000 bridge loan secured by a multifamily/condo building in the Hell’s Kitchen neighborhood of Manhattan. The subject property is a 12,500 SF building with 8 condo units. The borrower needed capital to refinance the existing debt and cash out for closing costs and an interest reserve. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Cobble Hill Mixed-Use – Bridge Loan

    Cobble Hill Mixed-Use – Bridge Loan

    $1,000,000

    Bridge Loan

    May 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,000,000 bridge loan secured by a mixed-use building in the Cobble Hill neighborhood of Brooklyn. The subject property is a 4,000 SF building with a commercial unit and 3 residential units. The building is on a major retail thoroughfare within the neighborhood. The borrower needed capital to refinance the existing debt. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Park Slope Office, Retail, & Residential – Bridge Loan

    Park Slope Office, Retail, & Residential – Bridge Loan

    $5,200,000

    Bridge Loan

    May 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $5,200,000 bridge loan secured by two mixed-use buildings in the Park Slope neighborhood of Brooklyn. Between the two there is over 15,000 SF of office, residential, and retail space. The borrower needed capital to refinance an existing loan by using an additional property as collateral. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Crown Heights Mixed-Use – Bridge Loan

    Crown Heights Mixed-Use – Bridge Loan

    $1,000,000

    Bridge Loan

    May 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,000,000 bridge loan secured by a mixed-use building in the Crown Heights neighborhood of Brooklyn. The subject property is a 3,300 SF building with a commercial unit and 4 residential units. The building is on a retail thoroughfare within the neighborhood and 2 blocks from the subway. The borrower needed capital to refinance the existing debt. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Queens Multifamily/Retail – Bridge Loan

    Queens Multifamily/Retail – Bridge Loan

    $2,000,000

    Bridge Loan

    May 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,000,000 bridge loan secured by an under construction multifamily building and retail building in the Corona neighborhood of Queens. The multifamily building will be 11,500 SF with 9 residential units and the retail building is 2,000 SF with 6 commercial units. The borrower needed capital to complete the construction on the multifamily property. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Prospect Park South Mixed-Use – Bridge Loan

    Prospect Park South Mixed-Use – Bridge Loan

    $1,050,000

    Bridge Loan

    April 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,050,000 bridge loan secured by a mixed-use building in the Prospect Park South neighborhood of Brooklyn. The subject property is a 4,200 SF building with 2 commercial units and 4 apartments. The building is on a retail thoroughfare within the neighborhood and a block from Prospect Park. The borrower needed capital to refinance a maturing loan. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • South Brooklyn Retail – Acquisition/Bridge Loan

    South Brooklyn Retail – Acquisition/Bridge Loan

    $6,500,000

    Bridge Loan

    April 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,500,000 bridge loan secured by a retail building in the Bensonhurst neighborhood of Brooklyn. The subject property 35,000 SF building, which was predominantly vacant at closing. The borrower needed capital to finance the purchase with a TOE closing. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

     

  • Greenwood Heights Development Site – Bridge Loan

    Greenwood Heights Development Site – Bridge Loan

    $7,000,000

    Bridge Loan

    April 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $7,000,000 bridge loan secured by a development site in the South Slope neighborhood of Brooklyn. The subject property is a 100×100 lot with 65,000 BSF. The borrower needed capital to begin construction. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

  • Bed-Stuy Condo Inventory – Bridge Loan

    Bed-Stuy Condo Inventory – Bridge Loan

    $1,150,000

    Bridge Loan

    February 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,150,000 bridge loan secured by a multifamily condo building in the Bedford-Stuyvesant neighborhood of Brooklyn. The subject property is a finished condo building with 8 units totaling 12,000 SF. The borrower needed capital to refinance a maturing loan. 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

    $1,600,000

    Bridge Loan

    February 2021

    a city street with cars parked on the side of a building

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,600,000 bridge loan secured by a mixed-use building in the Williamsburg neighborhood of Brooklyn. The subject property is roughly 6,000 SF with a store and offices above. 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.

  • Crown Heights Industrial – Bridge Loan

    Crown Heights Industrial – Bridge Loan

    $2,300,000

    Bridge Loan

    January 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,300,000 bridge loan secured by an industrial/office building in the Crown Heights neighborhood of Brooklyn. The subject property is roughly 20,000 SF and owner occupied. 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.

  • Manhattan Office – Bridge Loan

    Manhattan Office – Bridge Loan

    $10,600,000

    Bridge Loan

    January 2021

    Hirshmark Capital, through an affiliate entity, is proud to announce the funding of two (2) related bridge loans totaling $10,600,000 secured by four (4) residential investment condos and a mixed-use office building in Manhattan. The residential condos total 9,000 SF and the office building is roughly 20,000 SF. The borrower needed capital to refinance an existing loan and a partnership buy-out. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.