In November 2015, Emerald Creek Capital provided a $15,800,000 acquisition loan secured by a 19,000 SF, six-story, mixed-use building in the Financial District of Lower Manhattan, NY. Situated on a 3,300 SF lot, the site allows for 49,000 SF of zoning floor area. The site is located in the heart of the Financial District, one block from the New York Stock Exchange, and benefits from immediate access to the 1, 2, 3, 4, 5, R, J, and Z subway lines. The Borrower plans to redevelop the property into a boutique hotel.
For more information, please contact:
Jeff Seidler, Managing Director