Recent Transactions

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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.

July 2021

$27,000,000 – New York, NY (SoHo)

In July of 2021, Emerald Creek Capital provided a $27,000,000 bridge loan in the SoHo neighborhood of New York, NY. The loan is secured by two mixed-use buildings with a combined buildable area of 43,549 square feet. The first building is 8 stories and consists of 11 high-end apartments with a shared roof deck, above a school that occupies the first and second floors. The second is a 6-story building with 22 newly renovated apartments above 2 retail units on the first floor. SoHo is one of Manhattan’s most desirable neighborhoods, known for its luxury loft-style apartments, high-end retailers and boutiques, and trendy art galleries. The subject properties are both easily accessible by the 4, 6, A, C, E, B, D, F, and M subway lines.

 

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.

miami wynwood acquisition loan

June 2021

$8,000,000 – Miami, FL (Wynwood)

miami wynwood acquisition loan

In June of 2021, Emerald Creek Capital provided an $8,000,000 acquisition loan in the Wynwood neighborhood of Miami, FL. The loan is secured by a 65,700 square foot development site with plans for a 211,477 square foot Class-A mixed-use building. The 12-story building will consist of 225 luxury apartments above 22,000 square feet of ground-floor commercial space. Residential amenities will include a rooftop pool, dog park, offices, lounge, and fitness center. Wynwood is a desirable neighborhood just north of downtown Miami, known for its vibrant art scene and edgy, industrial vibe. The area continues to see major revitalization with the development of high-end apartment and retail complexes amid an abundance of trendy bars and restaurants, chic boutiques, museums, and galleries. The subject property is located a short walk to the waterfront and benefits from its proximity to I-95 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.

June 2021

$10,300,000 – Dallas, TX

bridge loan dallas texas office

In June of 2021, Emerald Creek Capital provided a $10,300,000 acquisition loan in the Farmers Branch neighborhood of Dallas, TX. The loan is secured by a multi-tenant, flexible office complex with 170,915 square feet of net rentable area situated on a 7.97-acre lot. The subject property contains 18 units with occupants spanning a variety of businesses including a national bank, engineering firm, and physical therapy practice. Farmers Branch is a popular Dallas suburb home to residential communities, parks, and high-quality schools, in addition to a booming business district of offices and shopping centers. The subject property is located 15 miles north of downtown Dallas and is easily accessible by Interstate 635 and Dallas North 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.

June 2021

$17,000,000 – Tamarac, FL (Broward County)

florida industrial real estate financing florida industrial bridge loan

In June of 2021, Emerald Creek Capital provided a $17,000,000 bridge loan in the city of Tamarac, FL. The loan is secured by a light industrial property containing 168,105 square feet of net rentable area situated on a 7.57-acre site. The recently renovated, state-of-the-art facility features 24-foot ceilings and 7 dock-high loading doors plus 7 drive-in doors. Tamarac is a city in Broward County located 30 minutes northwest of downtown Fort Lauderdale. The area appeals to industrial investors due to its central location within Florida’s most populated region and access to major national and international distribution networks. The subject property benefits from its proximity to the intersection of the Sawgrass Expressway and Commercial 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.

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