In September 2015, Emerald Creek Capital provided a $4,425,000 acquisition loan secured by a 4,987 SF mixed-use building, situated on a 25 ft x 98.75 ft lot. Located in the Kips Bay neighborhood of Manhattan, the buyer was under the constraint of an expiring purchase and sale agreement. Emerald Creek Capital’s expeditious financing enabled the borrower to acquire the property at an attractive basis. The site is located seven blocks from Penn Station and benefits from immediate access to the 4, 6, N, and R trains.
For more information, please contact
Matt Fantuzzi, Vice President