PROJECT OVERVIEW
- Emerald Creek was constructed in 2000 as two three story buildings consisting of 114 market rate units.
- In 2018, Centennial assisted the client in refinancing the property with a mortgage amount of $7,576,000.
- The refinance allowed the client to pay off their existing loan, lower their interest rate, assist in completing the ongoing repairs, and provide capital to its investors.
- Project Name Emerald Creek
- Project Location Traverse City, MI
- Loan Amount $7,576,000
- Originator Matthew Kane
- Year Built 2000
