In May of 2018, Emerald Creek Capital provided a $1,580,000 refinance in the Lincoln Park neighborhood of Chicago, IL. The bridge loan is secured by a fully-occupied mixed-use building with 11,256 square feet of gross buildable area, containing 8 residential units and 2 commercial spaces. The commercial space totals 6,900 square feet at grade level and is currently leased to office and restaurant tenants. Lincoln Park is a popular residential and commercial neighborhood north of downtown Chicago, with tree-lined streets, public parks and museums, and an array of eateries, shops, and entertainment venues. The subject property is close in proximity to DePaul University and benefits from access to downtown Chicago at the Fullerton street subway station.
For more information, please contact:
Jeff Seidler, Managing Director