In July 2016, Emerald Creek Capital provided a one-year $2,600,000 bridge loan in Manhasset, NY. Built on a 28,794 SF site along Northern Boulevard, the subject property is improved with a mixed-use building. The mixed-use building contains ground floor retail and three residential units. The borrower is currently redeveloping a portion of the site with a 5,740 SF free-standing retail building. Upon completion, the gross building area will contain 9,240 SF of retail and 3,500 SF of residential space.
For more information, please contact:
Mike Cleaver, Managing Director