New York based Mercury Capital Corporation is pleased to announce that it has recently originated a one-year $1,800,000 first mortgage on a

New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently originated a one-year $1,800,000 first mortgage on a Medical Office Building in the Bronx, New York. The property, newly renovated and fully leased, took advantage of Mercury’s ability to fund quickly and creatively, closing this transaction in two weeks. "Realizing that time was of the essence, the borrower turned to Mercury seeking funds to payoff existing liens, and complete renovations on the property. We seized the opportunity to finance this stellar and unique cash-flowing property, allowing the borrowers to reach full-operations even faster than they had hoped,” explained Adam Glick, Vice President of Originations. Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on properties nationwide offering loan amounts ranging from $500,000 to $10,000,000. For more information please contact Joel Fogel at 212.661.8700

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