In December of 2014, Emerald Creek Capital provided a $7,000,000 bridge loan in the Tribeca neighborhood of Manhattan, NY. The loan is secured by a recently gut renovated triplex condominium. The unit contains three bedrooms, six bathrooms, and total slightly more than 8,000 SF. The property boasts a 45’ x 45’ entertaining area on the ground floor with 26’ high ceilings and large arched windows. The adjoining dining room on the ground floor opens to a gourmet kitchen. A curved steel staircase leads to the second floor, where there is a library mezzanine level, a master bedroom suite and a second bedroom. The lower level has an additional private entrance off of West Broadway. The lower level contains a game/media room, climate-controlled wine cellar, gym/office and third bedroom. The loan proceeds enable the sponsor to acquire the investment property.
For more information, please contact:
Mark Bahiri, Managing Partner, Co-Founder