Long Island City & Ridgewood – Construction Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,000,000 bridge loan secured a development site in Long Island City and a mid-construction building in Ridgewood, Queens. The subject development site has 6,750 BSF and is a block away from two major subway lines. The Ridgewood mid-construction project has 10,000 BSF, 10 units, and is a few blocks from the M train. The borrower needed capital to acquire the Long Island City parcel and used the Ridgewood development as additional collateral. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.