In July of 2015, Emerald Creek Capital provided a one-year $1,000,000 line of credit secured by a 14,357 SF vacant office condominium unit located in the Midtown East neighborhood of Manhattan, only one block away from Grand Central station. Emerald Creek’s bridge loan provided the borrower with capital to complete the renovation of the subject property. Emerald Creek’s loan was structured with no-prepayment penalty or lockout, which attracted the borrower to the short-term solution.
For more information, please contact:
Mike Cleaver, Managing Director