Recent Transactions

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December 2021

$12,000,000 – Greenport, NY (Long Island)

In December of 2021, Emerald Creek Capital provided a $12,000,000 acquisition loan in the town of Greenport, NY on the north fork of Long Island. The loan is secured by a 17-unit, 44,400 square foot waterfront condominium building situated on a 1.72-acre site. With 22,523 square feet of net sellable area, the spacious residences range from 1 to 3 bedrooms, each with a private balcony, luxurious finishes, and top-of-the-line appliances. Many of the units enjoy waterfront views. Building amenities include an indoor parking garage, elevator, private boat slips, and a yacht club. Greenport is a historic seaport community known for its quaint downtown of restaurants, shops, and picturesque waterfront. The subject property is within walking distance of the village and is accessible from New York City and other parts of Long Island by Route 48, Route 25, and the Long Island Railroad.

 

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.

December 2021

$7,200,000 – Teaneck, NJ (Bergen County)

In December of 2021, Emerald Creek Capital provided a $7,200,000 acquisition loan in Teaneck, NJ in Bergen County. The loan is secured by a self-storage facility with 31,380 square feet of net rentable area. Converted from a warehouse into self-storage in 2019, the subject property is climate controlled and contains 341 units with the space for further expansion on the 2-acre site. Teaneck is a suburban township popular among young professionals and families due to its proximity to New York City. The area is less than 10 miles from Manhattan and served by New Jersey Transit with a direct route to Port Authority Bus Terminal. The location of the subject property is ideal for self-storage, with accessibility to many major thoroughfares connecting the Tri-State area including I-95, I-80, Route 4, the Garden State Parkway, and the Palisades Parkway.

 

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.

December 2021

$25,000,000 – Queens, NY (Long Island City)

In December of 2021, Emerald Creek Capital provided a $25,000,000 bridge loan in the Long Island City neighborhood of Queens, NY. The loan is secured by a 30,467 square foot corner development site with 370 feet of frontage. Plans for the site include a 17-story mixed-use development consisting of 317 residential units under Grubb Properties’ Link ApartmentsSM brand above 9,000 square feet of ground-floor commercial space. Once complete, the subject property is ideally positioned to meet increasing rental demand in one of New York’s fastest-growing neighborhoods. Directly across the East River from Manhattan, Long Island City continues to evolve offering a vibrant restaurant and nightlife scene, waterfront parks, and new commercial and residential development. The subject property is prominently located in the central business district and has direct access to the M, R, and E trains at the Queensboro Plaza station.

 

For more information, please contact:

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

 

December 2021

$13,250,000 – Houston, TX (Westchase)

In December of 2021, Emerald Creek Capital provided a $13,250,000 acquisition loan in the Westchase neighborhood of Houston, TX. The loan is secured by a four-story, 107,923 square foot single-tenant office building 100% leased to a credit tenant. The subject property is situated on a 5.76-acre lot with great exposure along a major avenue. Located 15 miles west of downtown Houston, Westchase is a high-quality residential and business district with access to many restaurants, shopping centers, parks, golf courses, and entertainment. The city of Houston is a major transportation hub and popular location for offices and corporate headquarters such as Sysco, Philips 66, and Hewlett Packard. The subject property is easily accessible by the Sam Houston Tollway and Westpark Tollway.

 

 

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.

December 2021

$4,550,000 – Montauk, NY (Long Island)

In November of 2021, Emerald Creek Capital provided a $4,550,000 acquisition loan in Montauk, NY at the easternmost end of Long Island. The loan is secured by two adjacent parcels totaling 1.9-acres situated steps from the picturesque beaches of Montauk. The subject property is well-positioned for development in this highly coveted location. Montauk is a historic and increasingly sought-after coastal community known for its scenic beaches, state parks, resorts, and restaurants. Among its most notable attractions is the iconic Montauk Point Lighthouse and Montauk Point State Park. The subject property is accessible from Montauk Highway, Montauk Airport, and the Long Island Railroad.

 

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 2021

$23,500,000 – New York, NY (Financial District)

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.

November 2021

$8,000,000 – Jersey City, NJ (Historic Downtown)

In November of 2021, Emerald Creek Capital provided an $8,000,000 acquisition loan in the Historic Downtown neighborhood of Jersey City, NJ. The loan is secured by an 18,750 square foot corner lot with 300 feet of frontage. The site is currently improved with a historic loft building and open-air parking lot. The sponsor plans to maximize the zoning potential of the subject property by redeveloping a 60-unit apartment building with ground-floor retail and 32 parking spaces. Directly across the river from Manhattan, Jersey City’s residential and commercial appeal continues to grow resulting in significant investment in new development. The highly sought-after Historic Downtown location offers an abundance of restaurants, shops, and cultural attractions. The subject property benefits from a prime location one block from the PATH station at Grove Street.

 

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.

November 2021

$4,000,000 – New York, NY (Upper West Side)

In November of 2021, Emerald Creek Capital provided a $4,000,000 acquisition loan in the Upper West Side neighborhood of New York, NY. The loan is secured by a 5,225 square foot, 5-story mixed-use building consisting of 5 apartments above a second-floor office space and ground-floor retail space. The residential units range from studios to two bedrooms and the retail unit is occupied by a tanning salon. The Upper West Side is a vibrant neighborhood known for tree-lined streets with pre-war apartment buildings and townhouses. The area enjoys prominent retail corridors and attractions such as Lincoln Center, Museum of Natural History, Central Park and Riverside Park. The subject property has a prime location one block from Central Park and benefits from access to the 1, 2, 3, A, C, and B subway lines.

 

For more information, please contact:

Mark Bahiri, Managing Partner
mbahiri@emeraldcreekcapital.com
(800) 313-2616

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

 

November 2021

$6,750,000 – Gardena, CA (Los Angeles County)

In November of 2021, Emerald Creek Capital provided a $6,750,000 bridge loan in the city of Gardena, CA in Los Angeles County. The loan is secured by a fully occupied 20,667 square foot, 26-unit apartment building situated on a 31,200 square foot site. The recently renovated units range from studios to 3-bedrooms.  Gardena is a desirable suburb located 15 minutes south of downtown Los Angeles, with a strong rental demand among families and young professionals. The area offers its residents many restaurants, parks, and cultural attractions, and proximity to California’s most popular beaches and coastal cities. The subject property is located steps from Redondo Beach Boulevard and is also accessible by the Harbor Freeway.

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.

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