Hirshmark Capital Provides $10.5M Bridge Loan For Park Slope Development Site

A bridge loan in the amount of $10,500,000 was secured for a development site located at 171 4th Avenue in Park Slope. The loan was provided by Hirshmark Capital through their representative Jake Soodek. The property, situated in the Park Slope market, is poised for future development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Lender: Hirshmark Capital - Jake Soodek
• Loan Type: Bridge

Hirshmark Capital, represented by Jake Soodek, facilitated the bridge loan for the development site at 171 4th Avenue in Park Slope. This loan will serve as interim financing and provide the necessary funds for the property's development. The transaction highlights the involvement of key individuals and companies in the loan process, showcasing the expertise and collaboration of industry professionals.