Recent Transactions

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 March of 2023, Emerald Creek Capital provided a $3,500,000 construction loan to a repeat borrower in the town of Westhampton, NY. The loan is secured by a 34,670-square-foot waterfront development site to be improved by a 5,100-square-foot residence. The luxury six-bedroom home will offer oversized windows with unobstructed bay views, high-end finishes, an in-ground pool and spa, and a four-car garage. The subject property has 80 feet of sandy bay frontage as well as private access to the Atlantic Ocean beach directly across the street. Westhampton Beach is a highly coveted residential community and vacation destination known for its pristine white sand beaches and charming, laid-back feel. The subject property is located a short drive from the critically acclaimed restaurants, shops, and entertainment within Westhampton Beach Village.

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 February of 2023, Emerald Creek Capital provided a $15,000,000 bridge loan in the Midtown neighborhood of New York, NY. The loan is secured by two prime development sites totaling 5,540 square feet.  Located within the Special Midtown District, the sites allow for a total of 74,063 square feet of zoning floor area. Midtown is a central and vibrant neighborhood with a high concentration of office buildings, retail shopping, and residential towers. The area is home to some of Manhattan’s most iconic skyscrapers and landmarks.  The properties are well served by public transportation including the 4, 5, 6, B, D, E, F, and M subway lines as well as the Metro-North Railroad and LIRR at Grand Central Terminal.

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

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

In January of 2023, Emerald Creek Capital provided a $5,750,000 acquisition and renovation loan in the East Village neighborhood of New York, NY. The loan is secured by a six-story mixed-use building with an above-grade building area of 7,995 square feet. The sponsor plans to redevelop the subject property into high-end apartments above a 1,800-square-foot retail space. The residential unit mix will consist of two and three-bedrooms. Home to a mix of professionals, students, and artists, the East Village neighborhood offers a variety of hip restaurants, bars, and shops in addition to a vibrant art and music scene. The subject property benefits from access to the 6, L, R, W, M, and F subway lines.

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 December of 2022, Emerald Creek Capital provided a $15,100,000 loan to a repeat borrower for the acquisition of a newly constructed 38,073 square-foot logistical center. The property, located just outside of Crested Butte, CO, is fully occupied by FedEx which recently entered into a long term NN-lease. The building is built to suit and features 18′ clear height ceilings, 39 drive-in doors, 5 dock-high doors, and 5,555 square feet of office space. There are 37 onsite surface parking spaces, 27 on-street parking spaces, and 21 truck spaces. The subject property is accessible by U.S. Route 50 and CA Route 135.

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 December of 2022, Emerald Creek Capital provided a $1,500,000 bridge loan in the town of Rockwell, NC in Rowan County. The loan is secured by a one-story, freestanding retail building with 13,490 square feet of building area on a 1.96-acre site. The subject property was built-to-suit for CVS Pharmacy which occupies the space under a long-term NNN lease. Rockwell is a primarily residential community located about 40 miles northeast of Charlotte, 30 miles south of Winston-Salem, and 55 miles southwest of Greensboro. With proximity to multiple major metro areas, Rockwell is popular among families and professionals, offering residents a variety of amenities including recreation, shopping, and entertainment options nearby. The subject property is well-located within the main business district on US Highway 52.

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 November of 2022, Emerald Creek Capital provided a $3,400,000 acquisition loan in the city of Allentown, PA. The loan is secured by a 4.19-acre industrial property improved with a 27,407-square-foot warehouse building occupied by Amazon. The building features five dock-high doors, six drive-in doors, and has a clear ceiling height of 16 feet. Two acres of the subject property are leased as outdoor storage space. Allentown is Pennsylvania’s third-largest and fastest-growing city. Located 50 miles northwest of Philadelphia and 90 miles west of New York City, the area benefits from access to major thoroughfares and regional connectors. The subject property is accessible by Route 22 and is proximate to Interstate 78 and Interstate 476 which both provide access to Interstate 95.

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 November of 2022, Emerald Creek Capital provided a $2,100,000 acquisition loan in the city of Pooler, GA, outside of Savannah. The loan is secured by a 3.49-acre industrial property improved with a 15,000-square-foot warehouse building occupied by a construction supplier. The building features 8 drive-in bays and has a clear ceiling height of 20 feet. 1.5 acres of the property is utilized as outdoor storage space. The site is ideally located for industrial use near the Savannah/Hilton Head International Airport as well as the Port of Savannah, the third largest port in the United States and a demand driver of leasable industrial space. The subject property is easily accessible by Interstate 95, Route 80, and Interstate 16.

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.