$16,750,000 – New York, NY (SoHo and Hell’s Kitchen)

In March 2018, Emerald Creek Capital provided a $16,750,000 refinance in New York, NY. The subject property is a four-story commercial building within the desirable neighborhood of SoHo in Manhattan. Additional collateral securing the loan includes a development site in Hell’s Kitchen on Manhattan’s West side. The bridge loan was structured as a refinance with cash out proceeds provided for the acquisition of an unrelated real estate asset.

 

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