Recent Transactions

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January 2024

$17,500,000 – Norwalk, CT (Fairfield County)

     

In January of 2023, Emerald Creek Capital provided a $17,500,000 bridge loan in Norwalk, CT. The loan is secured by a newly constructed climate-controlled self-storage facility with a gross building area of 135,234 square feet. The Class A facility is 3 stories and consists of 1,110 units and has 87 surface parking spaces on site. Norwalk is a coastal city situated along the I-95 corridor in southwestern Connecticut. Its proximity to the New York metro area, and ongoing residential and commercial development, drives ample demand for storage for both personal and business needs. The subject property benefits from its location on Route 136, and is in close proximity to I-95, Route 7, Route 1, and the Metro-North Railroad at South Norwalk.

 

For more information, please contact:

Matt Fantuzzi, Senior Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

 

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

January 2024

$2,750,000 – Westhampton, NY

In January of 2024, Emerald Creek Capital provided a $2,750,000 construction loan to a repeat borrower in the town of Westhampton, NY. The loan is secured by a 21,780-square-foot development site to be improved by a 3,220-square-foot residence. The luxury five-bedroom home will enjoy oversized windows with water views, modern high-end finishes, an expansive deck with a pool, and a second-floor balcony overlooking the bay. Westhampton Beach is a highly coveted residential community and vacation destination known for its pristine white sand beaches and charming, laid-back feel. The subject property is located a short drive from the critically acclaimed restaurants, shops, and entertainment within Westhampton Beach Village.

 

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.

 

December 2023

$3,000,000 – Brooklyn, NY (Prospect Heights)

In December of 2023, Emerald Creek Capital provided a $3,000,000 acquisition loan in the Prospect Heights neighborhood of Brooklyn, NY. The loan is secured by 7,033 square feet of fully leased commercial condominium space across 4 units. The subject property spans the ground floor of a newly constructed luxury building containing 278 residential units. Prospect Heights is a desirable Brooklyn neighborhood, home to the Brooklyn Botanical Gardens, Prospect Park, Brooklyn Museum, and Barclays Center Arena. The area has seen significant mixed-use development in recent years, creating opportunities for new businesses and driving demand for commercial space. The subject property benefits from frontage in a high-traffic area and is conveniently accessible by the 2, 3, 4, 5, B, A, C, and S 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.

November 2023

$3,025,000 – Brooklyn, NY (Crown Heights)

In November of 2023, Emerald Creek Capital provided a $3,025,000 acquisition and renovation loan in the Crown Heights neighborhood of Brooklyn, NY. The loan is secured by a four-story, 7,296-square-foot multifamily building containing 4 units. Crown Heights is a neighborhood in the heart of Brooklyn known for its rich history, cultural diversity, and lively atmosphere. Characterized by tree-lined streets and brownstones, Crown Heights is home to local shops and restaurants, and notable attractions including the Brooklyn Museum and Brooklyn Botanic Garden. The subject property benefits from proximity to the A, C, and S trains.

 

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.

November 2023

$4,000,000 – New York, NY (SoHo)

In November of 2023, Emerald Creek Capital provided a $4,000,000 acquisition loan in the SoHo neighborhood of New York, NY. The subject property consists of a recently renovated 5-story commercial building with a net rentable area of 8,400 square feet. The 2nd and 3rd floors contain private outdoor space, and the top two floors are combined into one unit which includes a large roof deck. The ground floor retail unit encompasses 1,200 square feet. 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 property is easily accessible by the 1, A, C, E, N, Q, W, R, and 6 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.

October 2023

$6,750,000 – New York, NY (Gramercy)

In October of 2023, Emerald Creek Capital provided a $6,750,000 condominium inventory loan in the Gramercy Park neighborhood of New York, NY. The loan is secured by 7 condominium units totaling 10,135 square feet within a newly constructed 11-unit building. The collateral consists of six two-bedroom units and one three-bedroom unit with a private backyard. The luxury boutique building features an elegant lobby lounge, bicycle storage room, and common roof deck. Gramercy is a historic, picturesque neighborhood in the heart of Manhattan, known for its tree-lined streets, brownstone townhouses, and the exclusive Gramercy Park. Residents enjoy a quiet, residential feel while still benefiting from a central location and proximity to many dining, shopping, and entertainment options. The subject property is accessible by the 4 and 6 subway lines.

 

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.

October 2023

$3,300,000 – Hoboken, NJ (Hudson County)

In October of 2023, Emerald Creek Capital provided a $3,300,000 acquisition and renovation loan in Hoboken, NJ. The loan is secured by a five-story mixed-use building with 6,525 square feet of rentable area. The sponsor plans to renovate the subject property to ultimately consist of eight two-bedroom apartments above a 1,500-square-foot retail space. Directly across the river from Manhattan, Hoboken is a highly desirable neighborhood with both residential and commercial appeal. The area features charming brownstones and upscale condominiums and offers residents an abundance of restaurants, bars, boutiques, public parks, and scenic walkways along the river. The subject property is centrally located on a prime corner and is accessible from Manhattan by the PATH train and ferry service.

 

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.

October 2023

$2,200,000 – New York, NY (Lower East Side)

In October of 2023, Emerald Creek Capital provided a $2,200,000 bridge loan in the Lower East Side neighborhood of New York, NY. The loan is secured by a two-story plus mezzanine commercial building situated on a 2,226 square foot lot with 4,179 square feet of gross building area. The site falls within a C6-2 zone, an equivalent of the R-8 zone, offering advantageous zoning with an allowable zoning floor area of 13,401 square feet. The Lower East Side is one of New York’s most historic and diverse communities. The area has undergone considerable gentrification since the early 2000s, making it one of the city’s trendiest neighborhoods where upscale boutiques, contemporary art galleries, and restaurants line the streets.  The subject property benefits from access to the F, M, J, Z, B, and D subway lines.

 

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.

 

October 2023

$2,600,000 – Cinnaminson, NJ (Burlington County)

In October of 2023, Emerald Creek Capital provided a $2,600,000 acquisition loan in the town of Cinnaminson, NJ. The loan is secured by a 3.7-acre industrial property improved with one warehouse and one office building totaling 10,628 square feet of gross building area. The remainder of the subject property is utilized as outdoor storage space. Bordering the Delaware River, Cinnaminson is an eastern suburb of Philadelphia, PA with convenient access to the region via multiple major corridors. The subject property is ideally located right off U.S. Route 130 with good proximity to Route 90, Interstate 95, and the Philadelphia International Airport.

 

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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