New York Real Estate Journal

2015 Year in Review - Mark Levin

December 22, 2015 - Spotlight Content
Mark Levin, Hirshmark Capital LLC Mark Levin, Hirshmark Capital LLC
What was your most notable project, deal, transaction or professional achievement in 2015? We substantially increased our presence in the short term bridge lending niche, by increasing our transactions more than 50% year over year. The strength of outer-borough real estate had the greatest impact on our business. Looking forward to increase business in 2016, we plan to ramp up our retail property acquisitions division, and also continue to grow both the amount and average size of bridge loans originated. The emerging trends we see that will drive investment and development in 2016, is a softening of the city’s fringe areas experiencing gentrification, where the prices are currently factoring in all of the upside and none of the risk. This could be more pronounced if we have significant interest rate increases.