In February of 2020, Emerald Creek Capital provided a $6,000,000 bridge loan in the Woodside neighborhood of Queens, NY. The loan is secured by a newly constructed 5-story mixed-use building with ground-floor retail, second-floor community space, and 10 residential units on the upper floors. The unit mix consists of 6 one-bedroom apartments and 4 two-bedroom apartments. Woodside is a residential and commercial neighborhood just south of Astoria. Known as a cultural hub with an eclectic mix of restaurants and small businesses, Woodside is often recognized for its rich history, impressive architecture, and unique art scene. The subject property benefits from its location on a well-trafficked commercial avenue and is accessible by the 7 train and Long Island Railroad.
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