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Queens Retail – Bridge Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,500,000 bridge loan secured by a retail strip and development site in the Corona neighborhood of Queens. The retail strip has contains 6 stores on a major retail thoroughfare and 2 blocks from the subway. The development site is across the street and has roughly 11,000 BSF with 30 feet of frontage on the avenue. The borrower needed financing for the construction of the vacant lot, using both pieces as collateral. The borrower wanted flexibility and certainty of execution rather than the red tape of a bank. This is yet another example of our aggressive appetite in providing short term bridge financing in a time sensitive manner.

Mar 2020