In November of 2021, Emerald Creek Capital provided a $4,550,000 acquisition loan in Montauk, NY at the easternmost end of Long Island. The loan is secured by two adjacent parcels totaling 1.9-acres situated steps from the picturesque beaches of Montauk. The subject property is well-positioned for development in this highly coveted location. Montauk is a historic and increasingly sought-after coastal community known for its scenic beaches, state parks, resorts, and restaurants. Among its most notable attractions is the iconic Montauk Point Lighthouse and Montauk Point State Park. The subject property is accessible from Montauk Highway, Montauk Airport, and the Long Island Railroad.
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