In December of 2013, Emerald Creek Capital provided an eighteen-month $2,550,000 loan secured by a six story, elevator building with outdoor space and 3 rooftop decks on West 126th Street in Manhattan, NY. Post rehabilitation, the property will contain 11 rental units along with 1,450 SF of usable outdoor space. Emerald Creek’s bridge loan helped the borrower acquire the asset. In addition, reserves were established to renovate the apartment building.
For more information, please contact:
Mike Cleaver, Director