In January of 2015, Emerald Creek Capital provided a one-year $1,635,000 acquisition loan secured by a neighborhood retail center in Joliet, IL. Built on a 48,981 SF site along South Larkin Avenue, the subject property is improved with a 14,580 SF center containing 11 units. The 94% occupied center was being acquired as part of a 1031 Exchange which was set to expire. Requiring certainty of execution, the loan was provided in less than 10 business days.
For more information, please contact:
Matt Fantuzzi, Vice President