Recent Transactions

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August 2022

$9,400,000 – Colby, KS

In August of 2022, Emerald Creek Capital provided a $9,400,000 acquisition loan to a repeat borrower in Colby, KS. The loan is secured by a newly constructed 39,168 square foot warehouse and distribution facility on an 8-acre site, long-term NNN-leased to FedEx. The subject property features 18′ clear height ceilings, 22 drive-in doors, 3 dock-high doors, and 4,594 square feet of office space. There are 45 surface parking spaces, 10 van spaces, and 10 long trailer spaces. Colby is an optimal location for distribution, centrally located between urban centers including Wichita, KS, Denver, CO, and Kansas City, MO. The subject property is situated at the intersection of Route 24, Route 25, and Interstate 70, a major east-west highway that provides access to numerous interstate and regional highways.

 

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

August 2022

$6,600,000 – New York, NY (Upper East Side)

In August of 2022, Emerald Creek Capital provided a $6,600,000 acquisition loan in the Upper East Side neighborhood of New York, NY. The loan is secured by a 5-story mixed-use building with 10,845 square feet of gross building area. The subject property contains 16 residential units that the sponsor plans to renovate, meeting market demand for modern high-end apartments. On the ground floor is a 1,975-square-foot commercial unit occupied by a popular restaurant with a long-term lease in place. The Upper East Side is one of Manhattan’s most desirable neighborhoods, home to some of the best restaurants, museums, and medical institutions. The subject property is within walking distance of Central Park and the East River, and accessible by the 6 and Q trains.

 

For more information, please contact:

Dean Wang, Senior Vice President
(646) 561-4750
dwang@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

August 2022

$6,200,000 – Brooklyn, NY (Bushwick)

In August of 2022, Emerald Creek Capital provided a $6,200,000 bridge loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by a 5-story, 20-unit condominium building with 21,364 square feet of gross building area. The one- and two-bedroom units feature high-end finishes, floor-to-ceiling windows, and private balconies. Building amenities include a common roof deck and 10 parking spaces. Bushwick is a vibrant residential area neighboring Williamsburg that is popular among young professionals and artists. Dozens of art studios and galleries are scattered throughout the neighborhood, in addition to many parks, restaurants, shops, and businesses. The subject property is easily accessible by the J, M, and Z subway lines.

 

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

August 2022

$17,437,500 – Lancaster, TX (Dallas County)

In August of 2022, Emerald Creek Capital provided a $17,437,500 acquisition loan to a repeat borrower in Lancaster, TX. The loan is secured by a multifamily apartment complex with 130,128 square feet of net rentable area across 159 units, ranging from one to three bedrooms. The gated community is situated on a 14.5-acre site with 384 parking spaces. Community amenities include a fitness center, business center, resort-style pool, entertainment areas, and a dog park. Lancaster is a desirable suburb conveniently located just south of Dallas. The area has historic appeal and a charming town center with restaurants, shops, and cultural attractions. The subject property has good access to many highways and regional connectors including Interstate 35E which leads directly to downtown Dallas.

 

For more information, please contact:

Matt Fantuzzi, Vice President
(646) 237-2570
mfantuzzi@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

August 2022

$5,300,000 – Rosedale, MD (Baltimore County)

In August of 2022, Emerald Creek Capital provided a $5,300,000 acquisition loan to a repeat borrower in Rosedale, MD. The loan is secured by a 5.95-acre industrial property improved by a 100% occupied multi-tenant warehouse building with 68,300 square feet of net rentable area. The building has 5,000 square feet of office space, 1 interior loading dock door, and 8 drive-in exterior doors. The subject property also includes 1.75 acres of leasable outdoor storage space. 10 miles east of Baltimore, Rosedale is a suburb with both residential and commercial appeal that is well-served by interstate highways, public transportation, and community amenities. The area has a prime location along Interstate 95 which also attracts corporate offices, warehouses, and distribution centers. The subject property is located right off I-95 and I-895, with proximity to other major highways, airports, and ports.

 

For more information, please contact:

 

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

 

July 2022

$12,000,000 – Montauk, NY (Long Island)

 

In July of 2022, Emerald Creek Capital provided a $12,000,000 construction loan to a repeat borrower in Montauk, NY. The loan is secured by two adjacent parcels totaling 2 acres situated steps from the coveted beaches of Montauk. Development plans include the construction of two luxury five-bedroom residences, each on a meticulously designed property with breathtaking ocean views. One will have approximately 12,000 square feet of interior and exterior living space, and the other 10,000 square feet. Each residence will feature a roof deck terrace, swimming pool, gym, spa, three-car garage, wine cellar, indoor and outdoor lounge areas, and ultra-high-end finishes. At the easternmost end of Long Island, Montauk is a historic and sought-after coastal community known for its scenic beaches, state parks, resorts, and restaurants. The subject property is accessible from Montauk Highway, Montauk Airport, and the Long Island Railroad.

 

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

July 2022

$26,000,000 – Hillsboro Beach, FL (Broward County)

In July of 2022, Emerald Creek Capital provided a $26,000,000 bridge loan in Hillsboro Beach, FL. The loan is secured by a newly renovated 6-story hotel with 95 guest rooms, known as the Hillsboro Beach Resort. The high-end full-service hotel offers direct beachfront access and amenities including a private restaurant, outdoor pool, business center, fitness center, sundry shop, and 2,140 square feet of meeting space. Situated between Palm Beach and Miami on the east coast of Florida, Hillsboro Beach is a popular vacation destination known for its pristine beaches and abundance of shopping, dining, attractions, and recreational activities. The subject property has a prime location on State Road A1A, Florida’s north-south coastal highway, and benefits from proximity to Route 1 and Interstate 95.

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

 

July 2022

$5,250,000 – Lodi, NJ (Bergen County)

In July of 2022, Emerald Creek Capital provided a $5,250,000 acquisition loan in Lodi, NJ in Bergen County. The loan is secured by a 2.4-acre industrial property improved with 12,000 square feet of warehouse and office space. The site is also used for outdoor storage of containers and trucks. Just west of New York City, Lodi is an ideal location for warehouse and trucking uses, with accessibility to many major thoroughfares connecting the Tri-State area, and Newark International Airport. The subject property has immediate access to Interstate 80, Route 17, and Route 46, and close proximity to Interstate 95 and the Garden State Parkway.

 

For more information, please contact:

Jeff Seidler, Managing Director
(212) 239-6517
jseidler@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

 

July 2022

$14,000,000 – Miami, FL (Brickell)

In July of 2022, Emerald Creek Capital provided a $14,000,000 acquisition loan in the Brickell neighborhood of Miami, FL. The loan is secured by a five-story, 39-unit apartment building containing 28,369 square feet of net rentable area and a private parking garage. Plans to maximize the subject property’s 273,000 buildable square feet involve redeveloping it into a mixed-use tower containing 108 condominium units, 60 hotel rooms and 12,000 square feet of retail. Brickell is Miami’s main business district and a desirable residential neighborhood on the south shore of the Miami River. The area is dense with upscale high-rise office and apartment buildings, hotels, shopping centers, restaurants and a vibrant nightlife scene. The subject property is conveniently located near Interstate 95 and US Highway 1, and adjacent to a Metrorail station.

 

For more information, please contact:

Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com

 

Check out our interactive map for a comprehensive look at our nationwide lending activity.

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