Stuart, FL – Emerald Creek Capital has issued a one-year $3,000,000 commercial bridge loan to a real estate investor for the refinance of a multi-family property in Stuart, FL. In addition to the property in Stuart, FL this bridge loan was also collateralized by an 8,524 SF property in Charleston, SC.
The Charleston property is a 3-family home located in the South of Broad neighborhood of downtown Charleston. This area contains many high value historical buildings and is considered very desirable. The home contains a swimming pool, guest house and garage.
The collateral located in Stuart, FL is a fully occupied two-building multi-family property with 32 units encompassing a total of 24,764 SF. The building was bought by the owner in 2005 and is currently being run exclusively as a rental building.
Based out of Manhattan, NY, Emerald Creek Capital has been providing liquidity to middle market borrowers since its inception in 2009, issuing loans ranging from $1-20 million. Emerald Creek Capital delivers loans nationwide and their loans are secured across all asset classes. Priding themselves on a flexible loan product and rapid closing time, Emerald Creek Capital is at the forefront of the commercial bridge lending arena.