In September of 2023, Emerald Creek Capital provided a $34,000,000 bridge loan in the Walnut Hill neighborhood of Philadelphia, PA. The loan is secured by a newly constructed 150-unit Class A apartment building with 101,008 square feet of net rentable area. Ranging from studios to two-bedrooms, the units have high-end features and finishes and benefit from an array of amenities. Walnut Hill is a historic and charming neighborhood nearby to several educational institutions, including the University of Pennsylvania and Drexel University. Residents enjoy access to cultural attractions, parks, and public transportation, making it a desirable place to live for students, professionals, and families alike. The subject property is accessible by the Market-Frankfurt subway line and is in close proximity to Philadelphia’s main transit hub, 30th Street Station.
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