Bed-Stuy / Crown Heights Multifamily – Bridge Loan
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.