$7.65 Million Condo Inventory and Renovation on Miami Beach
Earlier this week, Emerald Creek Capital (ECC) provided a $7,650,000 bridge loan in the Miami Beach neighborhood of Miami, Florida. The subject properties are two, three-story residential condominium buildings comprised of 27 units that have recently been gut-renovated. Our loan refinanced the existing mortgage as well as provided funds for renovation that will allow the borrower […]
$12 Million Acquisition Loan for Regional Center
Emerald Creek Capital (ECC) provided financing for the acquisition of 532,832 SF of retail space within the 672,918 SF Washington Crown Center (WCC) in Washington, Pennsylvania. Built on 94 acres, the property was acquired for $20,000,000. Positive Momentum Since 2012, there has been a lot of positive momentum including new lease agreements with junior anchors […]
Emerald Creek Capital Delivers Commercial Bridge Loan in Downtown Manhattan
On June 10th 2014, Emerald Creek Capital issued a 6-month $7,250,000 commercial bridge loan to a prominent real estate investor for the purchase of a 15,000 SF retail ground floor unit located on in Tribeca, Manhattan. The borrower plans to secure a triple net lease for the space. The subject property incorporates a 1,400 SF mezzanine […]
Emerald Creek Capital Provides Flexible Bridge Loan in the Heart of Manhattan
New York – On March 17th 2014, Emerald Creek Capital issued a one-year $5,250,000 commercial bridge loan to a well-known real estate investor for the purchase of a four-story property located on 14th Street between Chelsea and the West Village. These areas are two of the most popular districts in Manhattan. With improving conditions of the real estate […]
Commercial Bridge Loan for Ahwatukee Common’s CMBS refinance
Phoenix, AZ – In January of this year, Emerald Creek Capital issued an 18-month $2,340,000 bridge loan to a New York-based real estate professional for the refinance of an existing CMBS loan on a retail property in Phoenix, AZ. The property is a fully occupied retail center located in a high-traffic area with great visibility. The property is surrounded by numerous […]