In July 2015, Emerald Creek Capital provided a $9,500,000 blanket loan secured by three properties in New York. The primary collateral includes a 3,560 SF penthouse condominium with 1,646 SF of outdoor space on Greenwich Street in the Hudson Square neighborhood of Manhattan. The loan is also secured by 3,502 SF townhouse located in the Park Slope neighborhood of Brooklyn and a 3,786 SF single family residence in Bellport, Long Island. The borrower intends on selling these assets in the near future. With no prepayment penalty or lockout, the borrower was attracted to Emerald Creek Capital’s flexible financing solution.
For more information, please contact:
Jeff Seidler, Managing Director