Rego Park Retail – Debt Acquisition
Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan and related credit lines with a current unpaid balance of roughly $1,500,000. The building is located in the Rego Park section of Queens. The property is a 6,600 SF single unit retail building, situated on a stretch of local and national retailers. 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.