
New York, NY - Hirshmark Capital, a fully integrated, real estate private equity firm focused on commercial and investment real estate debt opportunities, announced the opening of a Miami office to execute more loans on commercial/investment properties in South Florida.
Hirshmark will concentrate loans for investors, owners and developers in the luxury rental market and multifamily, mixed use, office, land and industrial properties in the Miami area.
"We are focused on all types of commercial/investment properties in South Florida," said Hirshmark Capital's managing director Igor Vaysberg. "We believe in the Florida market and see South Florida as the sixth borough."
Added Vaysberg, "We love the flourishing, business-friendly market --- bursting at the seams with smart young talented people as well experienced investors. We are excited to bring our talents, expertise, and fast execution to Florida."
In Miami the Hirshmark team will share office space with Propolis Living, LLC, a real estate company that develops affordable, smaller-scale attainable rental housing geared for young professionals in walkable, downtown Miami communities.
Last year Hirshmark closed over 30 commercial loans totaling over $180 million and so far, in 2021, over 30 loans totaling $180 million. They project they will close 2021 with over $200 million in transactions.