Flatbush & Bed-Stuy Mixed-Use/Commercial – Bridge Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,200,000 bridge loan secured by four retail/mixed-use properties in Brooklyn. Two of the four properties are in the Flatbush neighborhood of Brooklyn. Both buildings contain national tenants and are just a few blocks away from major subway stations. The other two properties are in the Bedford-Stuyvesant neighborhood of Brooklyn, in which both are mixed use, and also very close to a major subway station. In total, the loan is collateralized by 15,000 SF of real estate, and 6 commercial spaces and 8 apartments. The borrower needed capital to close on a TOE purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.