In April of 2015, Emerald Creek Capital provided a $1,160,000 bridge loan secured by a mixed-use property in Minneapolis, MN, and a two-family residence in Laguna Beach, CA. Located in Minneapolis, the subject property is a mixed-use building comprised of 7,796 SF of retail space and three residential units totaling 4,462 SF. Built on a 7,500 SF lot, the Laguna Beach property is a two-family residence totaling 1,489 SF of living area. The loan was structured as a cash-out refinance of the Minneapolis property and an acquisition loan of the Laguna Beach property.
For more information, please contact:
Matt Fantuzzi, Vice President