In August 2015, Emerald Creek Capital provided a $2,000,000 loan in the Upper West Side neighborhood of Manhattan, NY. The loan was secured by a vacant, three-story, 4,010 SF multifamily dwelling that is in the process of being converted to a townhouse. The loan was provided to the borrower to refinance the existing debt and provide capital for renovation. Built on an 18.5 X 102 SF lot, the subject property is located three blocks from Central Park. Located in the desirable Upper West Side of Manhattan, the site benefits from immediate access to the 1, 2, and 3 trains. Emerald Creek Capital’s flexible financing allowed the borrower to meet their renovation goals without the constraints of a conventional lender.
For more information, please contact:
Mike Cleaver, Managing Director