$7.65 Million Condo Inventory and Renovation on Miami Beach

Earlier this week, Emerald Creek Capital (ECC) provided a $7,650,000 bridge loan in the Miami Beach neighborhood of Miami, Florida. The subject properties are two, three-story residential condominium buildings comprised of 27 units that have recently been gut-renovated.  Our loan refinanced the existing mortgage as well as provided funds for renovation that will allow the borrower […]

$12 Million Acquisition Loan for Regional Center

Emerald Creek Capital (ECC) provided financing for the acquisition of 532,832 SF of retail space within the 672,918 SF Washington Crown Center (WCC) in Washington, Pennsylvania. Built on 94 acres, the property was acquired for $20,000,000. Positive Momentum Since 2012, there has been a lot of positive momentum including new lease agreements with junior anchors […]

$24 Million Condominium Loan in Aventura

We recently provided a $24,250,000 loan in Aventura, Florida. The loan is secured by twenty newly constructed residential condominium units in Echo Aventura, a 190-unit luxury waterfront property developed by New York and Miami based developers Kevin Maloney and Ryan Shear of Property Markets Group (PMG).  Year to date, Emerald Creek has provided more than $110 […]

$13 Million Loan for Acquisition of Regional Center Mall in Pennsylvania

brooklyn ny sheepshead bay retail building

On March 23, 2016, Emerald Creek Capital financed a $13,000,000 acquisition loan for the purchase of Lycoming Mall in Pennsdale, Pennsylvania. The borrower is a principal of a real estate investment firm with widespread retail property management experience. The firm currently owns an additional 14 regional malls and retail centers. The subject property, valued at […]

$15 Million Bridge Loan for Williamsburg Student Housing Project

On April 7th, 2016, Emerald Creek Capital funded a $15,000,000 bridge loan to a New York based real estate development company for a time–sensitive acquisition. The loan is secured by three adjacent lots with a total land area of 20,612 SF. At the time of purchase, three structures existed on the lots. The borrower plans […]

$15.8 Million Bridge Loan for Financial District Property

On November 15th, 2015, Emerald Creek provided a $15,800,000 bridge loan to a real estate development firm for the purchase of a building in Lower Manhattan’s Financial District.  The subject property, valued at $24,520,000, is a 3,287 SF developable lot. Currently, the property is improved by a six-story mixed-use building comprised of office and retail […]

$11 Million Bridge Loan for Two Properties in Brooklyn, NY

On March 6th , 2014, Emerald Creek Capital provided an $11,000,000 bridge loan to a real estate development firm based in New York. The borrower came to Emerald Creek to obtain financing for the development of luxury town-homes in Brooklyn, New York.             The loan is secured by two properties that are adjacent to a […]

$23 Million Bridge Loan on Development Site in Lower East Side

On October 6th, 2014, Emerald Creek Capital provided a $23,000,000 acquisition loan in the Lower East Side (LES) neighborhood of Manhattan. Emerald Creek Capital’s expedited lending process enabled the developer to acquire the 10,000 SF development site located on Clinton Street between Stanton and Rivington. At the time of purchase, the site was improved by […]

Bridge Loan for Apartment Building in Meriden, CT

On July 25th, 2014, Emerald Creek Capital issued a 12-month $1,850,000 commercial bridge loan to the owner of an apartment complex in Meriden, Connecticut.  The $1,850,000 bridge loan is secured through a first mortgage on the 106-unit extended stay apartment complex, valued at $4,700,000. The borrower intends to use the proceeds from the bridge loan to clear […]

Bridge Loan on Mixed Use Brooklyn Property

On August 4th, 2014, Emerald Creek Capital issued a 12-month $1,840,000 commercial bridge loan to the owner of an orthopedics center in Brooklyn, New York.  The $1,840,000 loan is secured through a first mortgage on a 4,502 square foot mixed use building in Brooklyn. The subject property, valued at $3,100,000 is located on the south side of […]

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