In March of 2022, Emerald Creek Capital provided a $9,300,000 bridge loan in the town of Scarsdale, NY. The loan is secured by a two-story mixed-use building with 14,225 square feet of net rentable area and 280 feet of frontage on a prominent 7,841 square foot corner lot. The subject property is fully occupied and consists of 7 retail units on the ground floor and 7 second-floor office spaces. Located 20 miles north of New York City in Westchester County, Scarsdale is one of New York’s most desirable suburbs. The subject property benefits from its location directly across from a Metro-North train station in the main business district and is a 25-minute train ride from Manhattan.
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