Manhattan Mixed-Use – Debt Acquisition
Hirshmark Capital is proud to announce the purchase of a non-performing loan secured by a 6-story mixed-use building, in the Kips Bay neighborhood of Manhattan. The property has a community facility and four apartments above, and consists of roughly 9,500 SF. The property is situated just a few blocks from major subway lines. The seller, a local lending institution, demanded a quick closing. Hirshmark Capital’s expertise and comfort in purchasing non-performing debt led to a quick and seamless purchase. This is yet another example of Hirshmark Capital’s aggressive appetite in purchasing non-performing loans.