$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.

Thank you for your feedback! Please don't hesitate to reach out to our team with any additional comments or questions.