In June of 2013, Emerald Creek Capital provided a three-year $6,000,000 bridge loan in Tulsa, OK. This loan enabled the borrower to purchase 437,000 SF of retail space in the Tulsa Promenade. Boasting occupancy over 90%, the Tulsa Promenade is a 900,000 SF super-regional mall, anchored by Macy’s, JC Penney, Dillard’s, Hollywood Theaters, and Sky Fitness. With over $1,000,000 of hard deposit at risk and only 18 days to close, the borrower turned to Emerald Creek Capital for certainty of execution.
For more information, please contact:
Jeff Seidler, Managing Director