Hirshmark Capital Provides $11.5M Acquisition Loan For Williamsburg Development Site

The development site located at 96-100 S. 9th St. in Williamsburg has been involved in a recent loan transaction. The transaction took place on 07/26/2022. The site is a development opportunity with a total buildable square footage (BSF) of 36,500.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,500,000
• Lender: Hirshmark Capital
• Landlord: Michael Weitzman
• Broker: Bert R. Dweck - Hirshmark Capital
• Loan Type: Acquisition

The loan amount for this transaction is $11,500,000. The loan was used for the acquisition of the development site. The lender for this transaction is Hirshmark Capital. The landlord of the property is Michael Weitzman. Bert R. Dweck from Hirshmark Capital represented the buyer in this deal.