Emerald Creek Capital provided a $23,000,000 bridge loan in the Lower East Side neighborhood of Manhattan, NY. Emerald Creek Capital’s expedited lending process enabled the developer to acquire the 100 X 100 ft lot located on Clinton Street between Stanton and Rivington. Having developed over 3,000,000 SF of residential real estate in New York City, the developer was very attracted to this location due to its site size, proximity to the F, J, M, and Z subways, and the overall ambiance of one of Manhattan’s trendiest neighborhoods. The developer has approved plans to build a seven story mixed use building comprised of 37 luxury residential condos and grade retail.
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