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Manhattan & Brooklyn Mixed-Use/Multi-Family – Bridge Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $6,400,000 bridge loan secured by five properties throughout Manhattan and Brooklyn. The subject properties are in East Harlem, Williamsburg, and Bushwick, and contain 38 residential units and 1 commercial unit spread across a total of 31,000 SF.  The property owner, a repeat borrower, needed capital to execute on a time sensitive purchase of one property. The borrower was able to use his existing portfolio’s equity in order to purchase the property with no cash out of pocket. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

Feb 2017