In April of 2012, Emerald Creek Capital helped finance a discounted payoff of a $1,500,000 mortgage owed on a 4,170 SF brownstone in the Clinton Hill neighborhood of Brooklyn, NY. The owner is a professional architect who designed the building to stand out from the rest in the area, by including a private-access garage and 20 FT ceilings. The bridge loan allowed the borrower to safeguard his equity in the building at a time of personal financial difficulty. The discount reduced the borrower’s debt by over 50%.
For more information, please contact:
Mike Cleaver, Director