Clinton Hill – Multifamily – Renovation/Bridge Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,100,000 renovation/bridge loan secured by a 5-story building in the Clinton Hill neighborhoods of Brooklyn. The subject property is a 6,400 SF brownstone that is being converted into four condominium units. The property is in the heart of Clinton Hill, just blocks away from a major subway station. The borrower needed capital to complete the interior renovations, allowing him to finish the condo conversion. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.