|  | Shem Creek Capital is pleased to announce the closing of a $12,585,313 first mortgage investment in a 199,279 sq. ft. office building located in Bridgewater, NJ.
| | | | Acquisition financing for a 199,279 sq. ft. suburban office building located in Bridgewater, a desirable in-fill submarket of Northern New Jersey which features a strong corporate presence. This well-located Class A property is anchored by a Fortune 500 tenant and features amenities including a full-service cafeteria. Shem Creek’s first mortgage was used to acquire the property and includes additional proceeds to fund a capital improvement program and enhance overall value at the property. The transaction was completed with a repeat customer for Shem Creek, providing the borrower with the ease and certainty of closing.
| | | | | | | Shem Creek Capital, established in 2008, is a commercial real estate finance company with a focus on providing debt capital solutions to local and regional commercial real estate owners in the Northeastern United States. Led by principals with extensive real estate and structured finance experience, Shem Creek invests in all property types throughout the capital structure from 1st mortgage to preferred equity. Shem Creek’s relationship driven model focuses on working closely with borrowers to provide customized financing solutions on stabilized and transitional assets in situations including acquisitions, refinancing, restructurings and discounted payoffs. | | | | | |
