In January of 2014, Emerald Creek Capital provided a three-year $5,000,000 bridge loan in Schenectady, NY. This loan enabled the borrower to purchase 464,000 SF of retail space in the Rotterdam Square Mall. Boasting occupancy over 90%, the Rotterdam Square Mall is a 584,000 square foot regional mall, anchored by Macy’s, Sears, K Mart, Rotterdam Square Cinemas, Shoe Dept. Encore and TJ Maxx. With over $800,000 of hard deposit at risk and a short window close, the borrower turned to Emerald Creek Capital for certainty of execution.
For more information, please contact:
Jeff Seidler, Managing Director