Mott Haven Land – Acquisition Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of an acquisition loan secured by a parcel of land in the Mott Haven neighborhood of the Bronx. The subject property is a 40×100 lot with 14,000 SF of buildable square feet. The subject land is in the heart of Mott Haven’s ongoing development craze, just a few blocks away from the subway. The borrower had a TOE closing and needed capital to acquire the site. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.