Real Estate Weekly
Image default
Debt & Equity

Long Island City warehouse gets $11.8M bridge financing

The loan was arranged by Emerald Creek Capital.

Emerald Creek Capital, a commercial bridge lender, has provided $11,800,000 of bridge financing in Long Island City.

The loan is secured by the subject property, a two-story commercial building situated on a 28,091 s/f corner lot with 46,350 s/f of net rentable area. Consisting of a mix of warehouse and office space, the building is currently leased to various tenants including television and media studios, a car dealership, and a limousine service business. The subject property occupies an entire block and benefits from a favorable location off Northern Boulevard, one of the area’s most trafficked commercial corridors.

Financing was originated by Emerald Creek Capital Managing Director Mike Cleaver and Vice President Matt Fantuzzi.

(Visited 1 times, 1 visits today)

Related posts

Philadelphia’s 1500 Market office complex gets $388M refi

REW

Mondrian Park Ave. Hotel gets $135M in refinancing

REW

Nearly $78M loan will fund NJ apt./office development

REW