In March 2018, Emerald Creek Capital provided a $9,250,000 acquisition loan in the South Beach neighborhood of Miami Beach, FL. The loan is secured by the collateral, a newly renovated apartment building totaling 19,072 square feet of net rentable area. The three-story building is comprised of 27 one, two, and three-bedroom units with a swimming pool on the upper level. The subject property is located just one block from the beach in a highly desirable area of South Beach within Miami Beach, a coastal resort city recognized for its white sand beaches, Art Deco District, restaurants, nightlife, and cultural attractions.
For more information, please contact:
Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com