Recent Transactions

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November 2022

$3,400,000 – Allentown, PA (Lehigh County)

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.

November 2022

$2,100,000 – Pooler, GA (Chatham County)

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.

November 2022

$5,500,000 – Brooklyn, NY (Williamsburg)

In November of 2022, Emerald Creek Capital provided a $5,500,000 bridge loan secured by two commercial properties in the Williamsburg neighborhood of Brooklyn, NY. The first property consists of a 10,695 square foot site with 23,529 square feet of buildable area. The subject property is positioned for development into a mixed-use apartment building. The second property securing the loan is a 3,750 square foot retail building located two blocks from the waterfront, occupied by a high-end restaurant. Williamsburg is one of Brooklyn’s most desirable neighborhoods directly across the Brooklyn Bridge from Manhattan. The area is a hub for the arts and music community and has evolved into a vibrant neighborhood of vintage boutiques, eateries, and music venues. Both properties are desirably located and easily accessible by multiple transportation options.

 

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.

October 2022

$3,750,000 – Cinnaminson, NJ (Burlington County)

In October of 2022, Emerald Creek Capital provided a $3,750,000 acquisition loan in the town of Cinnaminson, NJ. The loan is secured by a 6-acre industrial property improved with two occupied warehouse and office buildings totaling 9,769 square feet of gross building area. Bordering the Delaware river, Cinnaminson is an eastern suburb of Philadelphia, PA with convenient access to the region via multiple major corridors. The subject property is ideally located right off U.S. Route 130 with good proximity to Route 90, Interstate 95, and the Philadelphia International Airport.

 

 

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.

 

September 2022

$2,550,000 – New York, NY (Chinatown)

In September of 2022, Emerald Creek Capital provided a $2,550,000 acquisition loan in the Chinatown neighborhood of New York, NY. The loan is secured by a five-story, pre-war commercial building with 10,807 square feet of net rentable area. Chinatown is a vibrant neighborhood in Lower Manhattan attracting residents and tourists with its many restaurants, shops, and attractions. The area is centrally located in close proximity to some of the city’s most popular commercial and residential neighborhoods, in addition to the Brooklyn Bridge, Manhattan Bridge, and FDR Drive. The subject property is accessible by the B, D, F, M, J, and Z 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.

September 2022

$6,750,000 – Miami, FL (Downtown)

In September of 2022, Emerald Creek Capital provided a $6,750,000 bridge loan in the Downtown neighborhood of Miami, FL. The loan is secured by a renovated three-story, 35-unit multifamily building with 17,969 square feet of net rentable area. The subject property is comprised of spacious one-bedroom apartments with walk-in closets, high-end appliances, and designated parking. Downtown Miami is a dense urban center abundant with restaurants, shopping, entertainment, and vibrant nightlife and art scenes. The area is easily accessible and borders Brickell, Miami’s bustling financial center and main office district. The subject property is a short drive from Miami Beach and benefits from direct proximity to Interstate 95, Interstate 395, and Biscayne Boulevard.

 

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.

September 2022

$4,500,000 – Savannah, GA & Jonesboro, GA

In September of 2022, Emerald Creek Capital provided a $4,500,000 acquisition loan secured by two industrial properties in Savannah, GA and the city of Jonesboro, 15 miles south of Atlanta, GA. The property in Savannah consists of a 3.75-acre site improved with 6,200 square feet of warehouse and office space, with the external area serving as outdoor storage. The site has a prime location near the Port of Savannah, the third largest port in the United States and a demand driver of leasable industrial space. The second property in Jonesboro consists of a 3.25-acre site improved with 8,125 square feet of warehouse and office space in addition to over 3 acres of outdoor storage space. The site is ideally located for industrial uses, in close proximity to the Atlanta airport and Interstate 75.

 

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.

September 2022

$5,000,000 – New York, NY (Hamilton Heights)

In September of 2022, Emerald Creek Capital provided a $5,000,000 acquisition loan in the Hamilton Heights neighborhood of Manhattan. The loan is secured by a 6-story, 56-unit multifamily building with 62,346 square feet of gross building area. The subject property overlooks the Hudson River from Riverside Drive, a scenic north-south corridor along Manhattan’s west side. Directly across the street is Riverbank State Park, a 28-acre waterfront park with numerous recreational facilities and cultural offerings. Hamilton Heights is a historic neighborhood with plenty of restaurants, businesses, and amenities that continues to see investment in residential redevelopment. The subject property is accessible by the 1, A, B, C, and D subway lines.

 

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.

 

September 2022

$7,500,000 – New York, NY (Flatiron District)

In September of 2022, Emerald Creek Capital provided a $7,500,000 bridge loan in the Flatiron District of New York, NY. The loan is secured by a five-story mixed-use office building with 16,431 square feet of net rentable area. The building consists of four full-floor office units above a ground-floor commercial unit which is currently leased to a restaurant. Flatiron is a desirable and central neighborhood in Manhattan with many restaurants and cultural attractions. The area has a heavy concentration of office and retail uses, and benefits from numerous transportation options. The subject property is located one block from the iconic Flatiron Building and Madison Square Park, several blocks from Union Square, and is accessible by the N, Q, R, W, 6, 4, and PATH trains.

 

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.

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