In July of 2021, Emerald Creek Capital provided a $27,000,000 bridge loan in the SoHo neighborhood of New York, NY. The loan is secured by two mixed-use buildings with a combined buildable area of 43,549 square feet. The first building is 8 stories and consists of 11 high-end apartments with a shared roof deck, above a school that occupies the first and second floors. The second is a 6-story building with 22 newly renovated apartments above 2 retail units on the first floor. 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 properties are both easily accessible by the 4, 6, A, C, E, B, D, F, and M subway lines.
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