Bridge Loan for Apartment Building in Meriden, CT

On July 25th, 2014, Emerald Creek Capital issued a 12-month $1,850,000 commercial bridge loan to the owner of an apartment complex in Meriden, Connecticut.  The $1,850,000 bridge loan is secured through a first mortgage on the 106-unit extended stay apartment complex, valued at $4,700,000. The borrower intends to use the proceeds from the bridge loan to clear […]

Bridge Loan on Mixed Use Brooklyn Property

On August 4th, 2014, Emerald Creek Capital issued a 12-month $1,840,000 commercial bridge loan to the owner of an orthopedics center in Brooklyn, New York.  The $1,840,000 loan is secured through a first mortgage on a 4,502 square foot mixed use building in Brooklyn. The subject property, valued at $3,100,000 is located on the south side of […]

Bridge Loan Secured by Cross-Collateralized Mortgages

On July 10th 2014, Emerald Creek Capital issued a 12-month $1,650,000 commercial bridge loan to a managing principal at a private real estate investment firm. The $1,650,000 loan is backed by mortgages on four properties in northeastern New Jersey. They are located in within commuting distance to Manhattan. The four properties are stabilized multifamily assets in residential neighborhoods, […]

Emerald Creek Capital Offers a Short Term Loan for a Jewelry Wholesaler

On June 23rd 2014, Emerald Creek Capital issued a 12-month $1,250,000 short term loan to a successful jewelry specialist for the purchase of an office condo located in the International Gem Tower, which is dedicated to the diamond and jewelry industry. The borrower wanted  to free up some liquidity to expand his investment portfolio in both […]