Hirshmark Capital Provides $8.5M Bridge Loan For Multifamily Property In Kensington

The property involved in this closed transaction is a multifamily building located at 571 Ocean Pkwy in Kensington. The property spans approximately 25,000 square feet and consists of 30 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Address: 571 Ocean Pkwy
• Market: Kensington
• Square Footage: 25,000
• Number of Units: 30

The lender in this transaction was Hirshmark Capital, while the landlord was Alex Nad. The deal was facilitated by Jake Soodek from Hirshmark Capital and Max Goveia from Leviathan Capital.

The loan amount for this transaction was $8,500,000, and it was classified as a bridge loan.