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$14,000,000 : 7.7 Acre Mixed Use Property Elizabeth, New Jersey

New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently funded an 18-month $14,000,000 first mortgage secured by a 7.7 acre, 4,270,188 square foot approved mixed use development property in Elizabeth, New Jersey.

"Our borrower, a local real estate developer, required a loan for the acquisition of this newly approved mixed use development property, located in Elizabeth, New Jersey. Our financing allowed the borrower to close on the property days after the approvals were granted," explained Marc Gleitman, President at Mercury Capital.

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 commercial properties nationwide offering loan amounts ranging from $1,000,000 to $20,000,000.

For more information please contact Mercury at 212.661.8700
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