Downtown Brooklyn Retail/Development Site – Acquisition Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 acquisition loan secured by a commercial building/development site in Downtown Brooklyn. The subject property is an 1,800 SF commercial building with 12,000 BSF. The borrower needed capital to acquire the development site with a TOE closing. The borrower has approved plans to build a 12,000 SF office building. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.