Crown Heights Mixed Use – Bridge Loan
Hirshmark Capital is proud to announce the funding of a bridge loan secured by a 4-story mixed-use building, in the Crown Heights neighborhood of Brooklyn. The property consists of roughly 8,000 sf, including almost 100 feet of retail frontage on a major retail corridor. The property is situated just a few blocks from major subway lines. The borrower was seeking to recapitalize the property and deal with a pending foreclosure. Hirshmark Capital worked closely with the borrower and accommodated the time of the essence transaction. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.