In May of 2015, Emerald Creek Capital provided a $1,600,000 bridge loan in the Murray Hill neighborhood of Manhattan, NY . Built on a 19’ X 75’ lot, the subject property is currently improved with a 5,165 SF five-story mixed-use building comprised of retail space on the grade level and second floor and six residential studios on floors three through six. The subject property is located four blocks south of Grand Central Terminal, the countries busiest train station. Emerald Creek’s bridge loan provided the borrower with capital necessary for a separate real estate investment opportunity.
For more information, please contact:
Mike Cleaver, Managing Director