Williamsburg Re-Development – Bridge/Acquisition Loan
Hirshmark Capital, through an affiliate entity, is proud to announce the funding of a $1,200,000 bridge/acquisition loan secured by a mixed-use property in Williamsburg. The property is a 3-story, corner building with 2 apartments and 1 commercial store, located just a block away from the L train. The borrower, an experienced builder, was faced with a time of the essence closing, which gave him the opportunity to purchase an adjacent parcel next to a re-development site that they already controlled. This is yet another example of Hirshmark Capital’s aggressive appetite in providing short term bridge financing in a time sensitive manner.