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 World Observatory and Brookfield Place, and benefits from proximity to many top-rated restaurants, stores, entertainment and attractions. Anchored by Wall Street, the Financial District is home to the headquarters of the city’s most influential financial institutions including the New York Stock Exchange and the Federal Reserve Bank of New York. Once mainly a daytime destination for financial professionals, “FiDi” has become a popular residential neighborhood and tourist destination as well. The subject property has access to the 2, 3, 4, 5, 6, A, C, E, J, Z and PATH trains.
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