← Transactions

Bay Ridge New Construction Multi-Family – Debt Acquisition


Hirshmark Capital is proud to announce the purchase of a non-performing loan with a current unpaid balance of +/-$1.7MM secured by a 12,800 SF 3 story newly constructed residential building with 8 units in the Bay Ridge neighborhood of Brooklyn. The seller, a local bank, needed someone they could rely on for a year-end close. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.

Dec 2014