In April of 2019, Emerald Creek Capital provided a $4,500,000 bridge loan in the Midtown East neighborhood of New York, NY. The loan is secured by a 7,200 square foot office condominium unit situated within a 24-story mixed-use building. The subject property has been divided into two units which are fully occupied and built out with quality finishes, high ceilings, and floor-to-ceiling windows. Known as the nation’s largest corporate district, Midtown East is home to some of Manhattan’s most iconic skyscrapers and landmarks, including the Chrysler Building and United Nations. The subject property is accessible by the E, M, 4, 5, 6, 7, and Time Square Shuttle trains in addition to the Metro-North Railroad at Grand Central Terminal.
For more information, please contact:
Jeff Seidler, Managing Director