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Posted: May 27, 2014
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.
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