South Slope Development Site – Acquisition Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,400,000 acquisition loan secured by a development site in the South Slope neighborhood of Brooklyn. The subject property has 50 feet of frontage along a major retail corridor and is 3 blocks from a major subway line. The site has a total of 15,000 BSF. The borrower 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.