$60,500,000 – Queens, NY (Long Island City)

  In March of 2023, Emerald Creek Capital provided a $60,500,000 condominium inventory loan in the Long Island City neighborhood of Queens, NY. The loan is secured by 84 condominium units totaling 71,519 square feet within a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and contains a total of 707,560 […]

$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 […]

$22,150,000 – Irving, TX (Dallas County)

In May of 2022, Emerald Creek Capital provided a $22,150,000 acquisition loan in Irving, TX. The loan is secured by a residential development consisting of two recently constructed buildings with 121,650 buildable square feet and 101,750 square feet of net rentable area. Together they contain 153 units ranging from one to three bedrooms. Community amenities […]

$11,500,000 – Brooklyn, NY (Bedford-Stuyvesant)

In April of 2022, Emerald Creek Capital provided a $11,500,000 condominium inventory loan in the Bedford-Stuyvesant neighborhood of Brooklyn, NY. The loan is secured by 11 residential condominium units and a 20,000 square foot commercial space within a newly constructed mixed-use building. The high-end residential units range from three to five bedrooms and combined encompass […]

$13,300,000 – Miami Beach, FL

In April of 2022, Emerald Creek Capital provided a $13,300,000 acquisition loan in Miami Beach, FL. The loan is secured by an 8,896 square foot commercial condo unit 100% occupied and NNN-leased to CVS. The subject property features brand new built-to-suit construction and is split across two levels, with 7,551 square feet on the ground […]

$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 […]