Flatbush Development Site – Bridge Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $4,400,000 bridge loan secured by a development site in the Flatbush neighborhood of Brooklyn. The subject property has 45,000 BSF and is a few blocks from the 2 and 5 trains. The borrower needed financing to close on a JV agreement with the current owner. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.