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Prospect Lefferts Gardens Mixed-Use – Bridge Loan

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Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $3,750,000 bridge loan secured by a mixed-use property in the Prospect – Lefferts Gardens neighborhood of Brooklyn. The property is a two story mixed-use building, comprised of 4 commercial stores and 5 residential apartments. The property is situated just a block from three major subway lines at the Prospect Park Station. The loan is secured by roughly 12,000 SF of real estate, and 20,000 buildable SF. The borrower, an active real estate investor, needed capital to refinance a pending loan maturity. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.

Jun 2016