In November of 2013, Emerald Creek Capital provided a one-year $4,800,000 commercial bridge loan secured by two retail strip centers totaling 47,600 SF located roughly 30 miles outside of Chicago. The properties are in a high traffic and affluent area with great visibility. Emerald Creek’s bridge loan enabled the borrower to refinance the existing mortgages and help pay off a CMBS loan that was approaching maturity.
For more information, please contact:
Mark Penna, CFA Managing Partner, Co-Founder