Prospect Lefferts Gardens Retail – Bridge Loan
Hirshmark Capital is proud to announce the funding of a $2.5 MM bridge loan secured by two one-story retail buildings, in the Prospect Lefferts Gardens neighborhood of Brooklyn. The properties consist of roughly 6,000 sf, including 160 feet of retail frontage on a major retail corridor. The property is situated across the street from major subway lines. The borrower, a local investor, came to Hirshmark Capital seeking financing for their time of the essence closing on the purchase of the property. The transaction closed in 4 business days from the time of the borrower’s first call to closing. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.