Long Island City Retail/Development Site – Non-Performing Loan Purchase
Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan, secured by a retail building in the Long Island City neighborhood of Queens. The subject property is a 10,000 SF building with 20,000 buildable SF. The property is a few blocks from the N and W trains. The seller, a local lending institution, demanded a quick closing. Our expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase.