Degen Family Secures $2.8 Million Bridge Loan From Jake Soodek For Bronx Industrial Asset

The asset involved in this transaction is an industrial property located at 890 East 135th Street in the Bronx, encompassing a total square footage of 100,000. The loan amount secured for this property is $2,800,000, classified as a bridge loan.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $2,800,000
• Lender: Jake Soodek - Hirshmark Capital
• Landlord: Degen Family

Jake Soodek, representing Hirshmark Capital, facilitated the loan for the Degen Family, who are the landlords of the property in question. This transaction highlights the involvement of key individuals in the financing aspect of the industrial asset deal.