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

96 South 9th Street

$11,500,000

Building Size

—

Asset Type

Development Site

Closing

Jul 26, 2022

AI

The development site located at 96-100 South 9th St. in Williamsburg has recently undergone a closed transaction. The property boasts a total BSF (Buildable Square Footage) of 42,525, making it a prime investment opportunity in this market.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $11,500,000
Lender: Hirshmark Capital
Landlord: Double U Realty
Brokers: Max Ralby - HKS Real Estate Advisors

In this acquisition deal, the buyer secured a loan amount of $11,500,000. The loan type is specifically for the acquisition of the development site. Hirshmark Capital served as the lender in this transaction, providing the necessary financing for the buyer to complete the acquisition.

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