Bronx Multifamily – Bridge Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,600,000 bridge loan secured by 6 properties in the Bronx. In total, the collateral is roughly 48,000 SF and consists of 59 residential units and 1 store. The properties are in close proximity to Fordham University. The borrower needed capital to refinance and pay off violations on the buildings. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.