In July of 2018, Emerald Creek Capital provided a $1,500,000 bridge loan in Sacramento, CA. The loan is secured by a 55,000 square foot site currently improved by a warehouse property containing 22,914 square feet of net rentable area. The borrower intends to redevelop the property into a 141,000 square foot mixed-use complex containing 125 residential units, approximately 1,600 square feet of retail space and 103 garage parking spaces. A short drive from downtown Sacramento, the subject property is conveniently located in a prime residential and commercial area with direct access to the light rail at University/65th Street Station.
For more information, please contact:
Matt Fantuzzi, Vice President