Recent Transactions

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August 2022

$5,300,000 – Rosedale, MD (Baltimore County)

In August of 2022, Emerald Creek Capital provided a $5,300,000 acquisition loan to a repeat borrower in Rosedale, MD. The loan is secured by a 5.95-acre industrial property improved by a 100% occupied multi-tenant warehouse building with 68,300 square feet of net rentable area. The building has 5,000 square feet of office space, 1 interior loading dock door, and 8 drive-in exterior doors. The subject property also includes 1.75 acres of leasable outdoor storage space. 10 miles east of Baltimore, Rosedale is a suburb with both residential and commercial appeal that is well-served by interstate highways, public transportation, and community amenities. The area has a prime location along Interstate 95 which also attracts corporate offices, warehouses, and distribution centers. The subject property is located right off I-95 and I-895, with proximity to other major highways, airports, and ports.

 

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.

 

July 2022

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

 

In July of 2022, Emerald Creek Capital provided a $12,000,000 construction loan to a repeat borrower in Montauk, NY. The loan is secured by two adjacent parcels totaling 2 acres situated steps from the coveted beaches of Montauk. Development plans include the construction of two luxury five-bedroom residences, each on a meticulously designed property with breathtaking ocean views. One will have approximately 12,000 square feet of interior and exterior living space, and the other 10,000 square feet. Each residence will feature a roof deck terrace, swimming pool, gym, spa, three-car garage, wine cellar, indoor and outdoor lounge areas, and ultra-high-end finishes. At the easternmost end of Long Island, Montauk is a historic and sought-after coastal community known for its scenic beaches, state parks, resorts, and restaurants. The subject property is accessible from Montauk Highway, Montauk Airport, 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.

July 2022

$26,000,000 – Hillsboro Beach, FL (Broward County)

In July of 2022, Emerald Creek Capital provided a $26,000,000 bridge loan in Hillsboro Beach, FL. The loan is secured by a newly renovated 6-story hotel with 95 guest rooms, known as the Hillsboro Beach Resort. The high-end full-service hotel offers direct beachfront access and amenities including a private restaurant, outdoor pool, business center, fitness center, sundry shop, and 2,140 square feet of meeting space. Situated between Palm Beach and Miami on the east coast of Florida, Hillsboro Beach is a popular vacation destination known for its pristine beaches and abundance of shopping, dining, attractions, and recreational activities. The subject property has a prime location on State Road A1A, Florida’s north-south coastal highway, and benefits from proximity to Route 1 and Interstate 95.

 

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.

 

July 2022

$5,250,000 – Lodi, NJ (Bergen County)

In July of 2022, Emerald Creek Capital provided a $5,250,000 acquisition loan in Lodi, NJ in Bergen County. The loan is secured by a 2.4-acre industrial property improved with 12,000 square feet of warehouse and office space. The site is also used for outdoor storage of containers and trucks. Just west of New York City, Lodi is an ideal location for warehouse and trucking uses, with accessibility to many major thoroughfares connecting the Tri-State area, and Newark International Airport. The subject property has immediate access to Interstate 80, Route 17, and Route 46, and close proximity to Interstate 95 and the Garden State 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.

 

July 2022

$14,000,000 – Miami, FL (Brickell)

In July of 2022, Emerald Creek Capital provided a $14,000,000 acquisition loan in the Brickell neighborhood of Miami, FL. The loan is secured by a five-story, 39-unit apartment building containing 28,369 square feet of net rentable area and a private parking garage. Plans to maximize the subject property’s 273,000 buildable square feet involve redeveloping it into a mixed-use tower containing 108 condominium units, 60 hotel rooms and 12,000 square feet of retail. Brickell is Miami’s main business district and a desirable residential neighborhood on the south shore of the Miami River. The area is dense with upscale high-rise office and apartment buildings, hotels, shopping centers, restaurants and a vibrant nightlife scene. The subject property is conveniently located near Interstate 95 and US Highway 1, and adjacent to a Metrorail station.

 

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 2022

$15,000,000 – Jersey City, NJ (Waterfront)

In June of 2022, Emerald Creek Capital provided a $15,000,000 bridge loan in the Waterfront neighborhood of Jersey City, NJ. The loan is secured by a 32,700 square foot corner lot with 275 feet of prime frontage near the Hudson River waterfront and Historic Downtown. The sponsor plans to maximize the zoning potential of the subject property by developing a 14-story, 594-unit mixed-use apartment building. Directly across the river from Manhattan, Jersey City has transformed into a highly sought-after area that continues to see significant investment in residential and commercial development. The Waterfront area boasts a variety of restaurants, shops, and attractions in addition to a multitude of options in neighboring Hoboken. The subject property is accessible by the PATH train, Hudson-Bergen Light Rail, ferries, and the Holland Tunnel from Manhattan.

 

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.

manhattan new york hotel loan

June 2022

$12,500,000 – Manhattan and Queens, NY

manhattan new york hotel loan

In June of 2022, Emerald Creek Capital provided a $12,500,000 bridge loan in the New York City boroughs of Manhattan and Queens. The loan is secured by a 51-room hotel with 1,500 square feet of retail space in Times Square, New York City’s most iconic and high-traffic neighborhood. The area draws a constant influx of tourism with top-rated restaurants, retailers, and entertainment including infamous Broadway theatres. The subject property benefits from a myriad of public transportation options offering access to the rest of Manhattan and the outer boroughs. Additional collateral securing the loan includes a 3-story, 63-room hotel in the Jamaica neighborhood of Queens, NY. The subject property is located in the immediate proximity of John F. Kennedy International Airport, the busiest airport in New York, and a major demand generator for hospitality. 

 

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.

June 2022

$3,780,000 – Pennsauken, NJ

In June of 2022, Emerald Creek Capital provided a $3,780,000 acquisition loan in Pennsauken, NJ. The loan is secured by a 4-acre industrial property improved with a 10,000 square-foot cross-dock and warehouse building. The subject property operates as a distribution facility and also serves as a truck parking terminal, a permitted use under the zoning code which is rare and sought-after in the area. Pennsauken is a suburb of Philadelphia located just 5 miles from Center City. The subject property benefits from proximity to I-95, I-676, Route 130, and regional connectors like the Betsey Ross and Ben Franklin bridges.

 

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.

 

June 2022

$8,200,000 – Staten Island, NY and Queens, NY

In June of 2022, Emerald Creek Capital provided a $8,200,000 bridge loan in the New York City boroughs of Staten Island and Queens. The collateral consists of four 100% occupied warehouse properties with 36,686 square feet of combined building area. The blanket loan allowed the borrower to utilize the equity in the three owned warehouses to acquire the fourth warehouse. The three Queens properties are located in the Maspeth and Astoria neighborhoods.  The fourth property is in the Charleston section of Staten Island. All four properties feature minimum 14 foot clear ceiling heights, adequate bays, and benefit from proximity to major highways and regional transportation links.

 

 

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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