A Smart Alternative to Conventional Financing

In March of 2023, Emerald Creek Capital provided a $60,500,000 condominium inventory loan in the Long Island City neighborhood of Queens, NY. The loan is secured by 84 condominium units totaling 71,519 square feet within a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and contains a total of 707,560 square feet with 644,004 square feet of residential condos, 26,830 square feet of retail, and a 36,800 square foot parking garage. Amenities include a 24-hour doorman and concierge, fitness center, 75-foot indoor swimming pool, business center, pet spa, and more. The subject units range from studios to four bedrooms and are primarily penthouses or located on the upper floors, offering superb views of the Manhattan skyline and surrounding area. Directly across the East River from Manhattan, Long Island City is one of New York’s fastest-growing neighborhoods. The area continues to evolve offering a vibrant restaurant and nightlife scene, waterfront parks, and new commercial and residential development. The subject property has direct in-building access to the E, G, M, and 7 subway lines, with a 10-minute commute to Midtown East, Manhattan.

For more information, please contact:

Dean Wang, Senior Vice President
(646) 561-4750
dwang@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

In July of 2022, Emerald Creek Capital provided a $14,000,000 acquisition loan in the Brickell neighborhood of Miami, FL. The loan is secured by a five-story, 39-unit apartment building containing 28,369 square feet of net rentable area and a private parking garage. Plans to maximize the subject property’s 273,000 buildable square feet involve redeveloping it into a mixed-use tower containing 108 condominium units, 60 hotel rooms and 12,000 square feet of retail. Brickell is Miami’s main business district and a desirable residential neighborhood on the south shore of the Miami River. The area is dense with upscale high-rise office and apartment buildings, hotels, shopping centers, restaurants and a vibrant nightlife scene. The subject property is conveniently located near Interstate 95 and US Highway 1, and adjacent to a Metrorail station.

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

In May of 2022, Emerald Creek Capital provided a $22,150,000 acquisition loan in Irving, TX. The loan is secured by a residential development consisting of two recently constructed buildings with 121,650 buildable square feet and 101,750 square feet of net rentable area. Together they contain 153 units ranging from one to three bedrooms. Community amenities include a lounge, business center, gated entry, outdoor entertaining areas, and a fitness center. The city of Irving is a thriving inner suburb of Dallas, home to several Fortune 500 company headquarters which generate demand for residential and commercial development. The subject property is ideally located minutes from the Dallas/Fort Worth International Airport at the convergence of an array of highways including Route 161, Route 114, and Interstate 635.

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

In April of 2022, Emerald Creek Capital provided a $11,500,000 condominium inventory loan in the Bedford-Stuyvesant neighborhood of Brooklyn, NY. The loan is secured by 11 residential condominium units and a 20,000 square foot commercial space within a newly constructed mixed-use building. The high-end residential units range from three to five bedrooms and combined encompass 21,584 square feet of livable area. Bedford-Stuyvesant is a large residential neighborhood in central Brooklyn known for historic brownstones and Victorian architecture. While becoming increasingly popular among young families and artists, the community continues to attract new restaurants, shops, and other businesses. The subject property benefits from access to the G, J, M, and Z subway lines.

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

In April of 2022, Emerald Creek Capital provided a $13,300,000 acquisition loan in Miami Beach, FL. The loan is secured by an 8,896 square foot commercial condo unit 100% occupied and NNN-leased to CVS. The subject property features brand new built-to-suit construction and is split across two levels, with 7,551 square feet on the ground floor and 1,345 square feet on the mezzanine level. Located one block from the beach on Miami’s infamous Collins Avenue, the subject property benefits from a bustling, high traffic location ideal for grade-level retail. Miami Beach is a vibrant neighborhood and vacation destination offering an abundance of top-rated restaurants, nightlife and shopping among the many beachside hotels. The subject property is conveniently accessible by Route 195.

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.

In November of 2021, Emerald Creek Capital provided a $23,500,000 bridge loan in the Financial District of New York, NY. The loan is secured by a 6,199 square foot site zoned for commercial and residential development with 92,985 square feet of buildable area. The subject property is located steps from the World Trade Center, One World Observatory and Brookfield Place, and benefits from proximity to many top-rated restaurants, stores, entertainment and attractions. Anchored by Wall Street, the Financial District is home to the headquarters of the city’s most influential financial institutions including the New York Stock Exchange and the Federal Reserve Bank of New York. Once mainly a daytime destination for financial professionals, “FiDi” has become a popular residential neighborhood and tourist destination as well. The subject property has access to the 2, 3, 4, 5, 6, A, C, E, J, Z and PATH trains.

For more information, please contact:

Dean Wang, Senior Vice President
(646) 561-4750
dwang@emeraldcreekcapital.com

Check out our interactive map for a comprehensive look at our nationwide lending activity.