TriBeCa Mixed-Use – Bridge Loan

Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $2,700,000 bridge loan secured by a mixed-use property in the TriBeCa neighborhood of Manhattan. The subject property is a 5-story, elevator building, with 8 apartments and 2 stores. The property is block-through and roughly 19,000 SF. The property is in the heart of TriBeCa, on one of the busiest streets, surrounded by national tenants. The borrower needed capital to payoff a maturing loan and to pay off violations on the building. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.