East Williamsburg Multifamily – Debt Acquisition
Hirshmark Capital, through an affiliate entity, is proud to announce the purchase of a non-performing loan, secured by a 5-story brick building in the East Williamsburg neighborhood of Brooklyn. The subject property contains 22 residential units spread over roughly 20,000 SF. The property is situated just one block from a major subway line. 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.