$2,300,000 – Sterling Heights, MI

Sterling_Heights_MI_Best_Western

In November of 2014, Emerald Creek Capital provided a $2,30,000 bridge loan in Sterling Heights, MI. The security for the loan is The Best Western Plus, a 246 room limited service hotel totaling 203,718 square feet. Set on 14.28 acres, the hotel includes a 15,905 SF conference/ banquet room and an indoor water park. Other amenities include the restaurant, gym, and video arcade. After entering into contract at auction, the borrowing entity had 30 days to acquire the asset. Requiring certainty of execution, the borrower turn the Emerald Creek Capital.

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