Recent Transactions

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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.

May 2021

$7,500,000 – San Diego, CA (Bankers Hill)

In May of 2021, Emerald Creek Capital provided a $7,500,000 bridge loan in the Bankers Hill neighborhood of San Diego, CA. The loan is secured by a newly constructed, 9-unit apartment building with 24,300 square feet of gross building area situated on a 5,092 square foot site. The units range from two bedrooms to six bedrooms and there are 19 parking spaces below grade. The building features private balconies and high-end finishes, in addition to a common rooftop with sweeping views of the city and San Diego Bay. Bankers Hill is an affluent, primarily residential neighborhood with a commercial district of trendy restaurants and boutiques. The subject property is within walking distance of the San Diego Bay waterfront and sits directly adjacent to Balboa Park, a sprawling 1,200-acre park, home to many gardens, golf courses, 17 museums, and the world-famous San Diego Zoo.

 

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.

Union Square Mixed-Use Buiding

May 2021

$55,000,000 – New York, NY (Union Square)

Union Square Mixed-Use Buiding

In May of 2021, Emerald Creek Capital provided a $55,000,000 bridge loan in the Union Square neighborhood of New York, NY.  The loan is secured by a 6-story, Class A mixed-use retail and office building with 73,113 square feet of net rentable area. An AIA Design Award winner, the building features an iconic glass dome creating a unique, light-filled, space with soaring views overlooking Union Square. The retail component of the subject property consists of 8,467 square feet of net rentable area at grade and 6,511 square feet of retail space on the cellar level. The office component contains 58,135 square feet of net rentable area on the 2nd through 6th floors. Union Square is a central, bustling neighborhood known for trendy restaurants, sought-after retail shopping, and high-quality mixed-use buildings surrounding the iconic Union Square Park. The subject property benefits from a prime high-visibility location and is easily accessible via the 4, 5, 6, L, N, Q, R, and W trains.

 

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.

borough park brooklyn ny multifamily building

May 2021

$2,750,000 – Brooklyn, NY (Borough Park)

borough park brooklyn ny multifamily building

In May of 2021, Emerald Creek Capital provided a $2,750,000 bridge loan in the Borough Park neighborhood of Brooklyn, NY. The loan is secured by a newly constructed multifamily building with three spacious high-quality units and 6,091 square feet of gross building area above-grade. The subject property is configured as a four-bedroom duplex on the 1st and cellar level, and two five-bedroom apartments on the second and third floors each with a private balcony. The duplex unit includes a garage and a glass-enclosed sunroom overlooking a private garden. All the units have high ceilings, crown moldings, floor-to-ceiling windows, and large chef’s kitchens with European appliances. Borough Park is a desirable neighborhood of Brooklyn with a high demand for multifamily properties. The subject property is conveniently located within walking distance of various retail stores and eateries, with access to the D subway line on New Utrecht Avenue.

 

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.

midtown east commercial corner building

April 2021

$5,000,000 – New York, NY (Midtown East)

midtown east commercial corner building

In April of 2021, Emerald Creek Capital provided a $5,000,000 bridge loan in the Midtown East neighborhood of New York, NY. The loan is secured by a 4,410 square foot corner lot with 133 feet of frontage and 52,928 square feet of buildable area. The site is currently improved with a two‐story mixed-use building consisting of five ground-floor retail spaces and a medical therapy center on the second floor. Due to its prime location in bustling Midtown East, the subject property is well-positioned for further development to take advantage of the available buildable area. Midtown East 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, including the Chrysler Building and United Nations. The subject property is accessible by the E, M, 4, 5, 6, 7, and Time Square Shuttle trains in addition to the Metro-North Railroad at Grand Central Terminal.

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.

 

montauk waterfront property bridge loan

April 2021

$18,500,000 – Montauk, NY (Long Island)

montauk waterfront property bridge loan

In April of 2021, Emerald Creek Capital provided an $18,500,000 bridge loan in the town of Montauk, NY at the easternmost end of Long Island. The loan is secured by an expansive waterfront property with sunset views over Lake Montauk. The sponsor plans to redevelop the property into a 40,000 square foot condominium complex with a 100-slip marina, spa, fitness center, pool, restaurant, and event space. Montauk is a historic and highly 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 and is located just minutes from the Montauk 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.

Brooklyn Condominium Building Bridge Loan

April 2021

$3,600,000 – Brooklyn, NY (Greenpoint)

Brooklyn Condominium Building Bridge Loan

In April of 2021, Emerald Creek Capital provided a $3,600,000 bridge loan to a repeat borrower in the Greenpoint neighborhood of Brooklyn, NY. The loan is secured by a three-story multifamily building that the sponsor plans to redevelop into a four-story, six-unit condominium building. The unit mix will ultimately consist of four one-bedroom units, one two-bedroom full-floor unit, and one three-bedroom triplex with a private backyard. Greenpoint is an evolving residential area with hipster appeal and a vibrant artistic community. The neighborhood benefits from waterfront parks along the East River, trend-setting eateries, bars, and live music venues. The subject property is easily accessible by the G train.

 

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.

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