In October of 2012, Emerald Creek Capital provided a $2,750,000 commercial bridge loan for the acquisition of a mixed use property in the desirable SoHo neighborhood of downtown Manhattan, NY. The purchase and sale agreement included a time of the essence clause. Saving the borrower from losing their deposit with the seller and their attractive investment opportunity, Emerald Creek Capital closed the transaction in just 6 business days.
For more information, please contact:
Jeff Seidler, Managing Director