Bronx 8 Retail Units/Tax Payer – Debt Acquisition
Hirshmark Capital is proud to announce the purchase of a non-performing loan with a current unpaid balance of $3.5MM from a local lending institution. The loan is secured by a 9,700 SF 1 story brick building containing 8 commercial units in the Bronx. The collateral boasts almost 200 feet of retail frontage, and also contains 34,000 sf of buildable air rights. It is situated on the same block as a number of national retailers, as well a subway entrance for two main train lines. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt, as well as overall comfort in the retail centric asset class, led to a quick and seamless purchase.