$1,750,000 – Bronx, NY (University Heights)

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In March of 2014, Emerald Creek Capital provided a twelve month $1,750,000 commercial bridge loan secured by a development site in University Heights section of the Bronx. Zoned C2-4 with an R7-1 overlay, the lot is 229.67′ X 147.75′ with an FAR of 3.44 allowing for a gross building area of 116,000 SF. Emerald Creek’s bridge loan was used to payoff a maturing loan and allocated for reserves while the site is listed for sale.

For more information, please contact:

Mike Cleaver, Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

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