Seidler of Emerald Creek originates four loans totaling $6.363 million
Jeff Seidler of Emerald Creek Capital has originated the following four loans totaling $6.363 million:
*A $1.75 million bridge loan secured by an 11,150 s/f retail building in the Little India neighborhood of Chicago, IL.
* A $1.125 million acquisition loan secured by a two net leased Arby's franchises located in Goshen, IN and Warren, MI. Under the constraint of a 1031 exchange, the loan was provided in five business days.
* A $2.338 million bridge loan secured by an 18,640 s/f neighborhood retail center in the Ahwatukee Foothills neighborhood of Phoenix, AZ.
* $1.15 million acquisition loan secured by Trumbull Plaza a neighborhood retail centers totaling nearly 190,000 s/f in Warren, OH.
The property is dual anchored with K Mart and Sparkle Market.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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