In June of 2019, Emerald Creek Capital provided a $33,000,000 bridge loan in the Upper East Side neighborhood of New York, NY. The loan is secured by a development site composed of three lots with a footprint of 6,400 square feet. Plans for the site include a 31-story luxury mixed-use tower utilizing 113,011 zoning square feet. Located in the popular residential neighborhood known as Lenox Hill, the building is within walking distance to Central Park and close in proximity to some of the city’s best restaurants, attractions, and medical institutions. The subject property is accessible by the 6 and Q trains.
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