Bed-Stuy Retail – Bridge Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,200,000 bridge loan secured by a retail property in the Bedford Stuyvesant neighborhood of Brooklyn. The subject property is a 2-story retail building with 150 feet of wraparound frontage. The property is 7,500 SF and has 15,000 SF of development rights, just two blocks from the G train. The borrower needed capital to pay off violations on the building and for other business purposes. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.