New York based Mercury Capital Corporation, a bridge financing institution, has recently funded a two-year $2,275,000 mezzanine loan towards the acquisition of a 170-unit apartment complex on Grand Concourse in the Bronx, NY.
"Working with active real estate players in the New York area market, Mercury's loan bridged the gap that remained after the first mortgage and borrower equity came together," commented Adam S. Glick, Vice President of Originations. "While we do not actively ...