Recent Transactions

Loading...
montauk waterfront property bridge loan

April 2021

$18,500,000 – Montauk, NY (Long Island)

montauk waterfront property bridge loan

In April of 2021, Emerald Creek Capital provided an $18,500,000 bridge loan in the town of Montauk, NY at the easternmost end of Long Island. The loan is secured by an expansive waterfront property with sunset views over Lake Montauk. The sponsor plans to redevelop the property into a 40,000 square foot condominium complex with a 100-slip marina, spa, fitness center, pool, restaurant, and event space. Montauk is a historic and highly 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 and is located just minutes from the Montauk Airport.

 

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.

Brooklyn Condominium Building Bridge Loan

April 2021

$3,600,000 – Brooklyn, NY (Greenpoint)

Brooklyn Condominium Building Bridge Loan

In April of 2021, Emerald Creek Capital provided a $3,600,000 bridge loan to a repeat borrower in the Greenpoint neighborhood of Brooklyn, NY. The loan is secured by a three-story multifamily building that the sponsor plans to redevelop into a four-story, six-unit condominium building. The unit mix will ultimately consist of four one-bedroom units, one two-bedroom full-floor unit, and one three-bedroom triplex with a private backyard. Greenpoint is an evolving residential area with hipster appeal and a vibrant artistic community. The neighborhood benefits from waterfront parks along the East River, trend-setting eateries, bars, and live music venues. The subject property is easily accessible by the G train.

 

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.

queens new york warehouse storage acquisition loan

March 2021

$9,000,000 – Queens, NY (Elmhurst)

queens new york warehouse storage acquisition loan

In March of 2021, Emerald Creek Capital provided a $9,000,000 acquisition loan in the Elmhurst neighborhood of Queens, NY. The loan is secured by a 35,537 square foot warehouse on a 54,913 square foot site with 359 feet of frontage. The property has ceiling heights of 17 feet and 5 drive-in loading doors. The sponsor plans to redevelop the property into a state-of-art self-storage facility containing 2,300 climate-controlled units of varying sizes with 134,200 square feet of net rentable area. Elmhurst is a densely populated residential neighborhood with proximity to Queens Boulevard, the Long Island Expressway, and the Brooklyn Queens Expressway. The subject property is ideally located for a self-storage facility with visibility and access from Grand Avenue, the neighborhood’s main commercial corridor.

 

For more information, please contact:

Scott Steinel, Senior Associate
(646) 237-2568
ssteinel@emeraldcreekcapital.com

 

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

williamsburg brooklyn mixed-use building bridge loan

March 2021

$5,200,000 – Brooklyn, NY (Williamsburg)

williamsburg brooklyn new york mixed-use building

In March of 2021, Emerald Creek Capital provided a $5,200,000 bridge loan in the Williamsburg neighborhood of Brooklyn, NY. The loan is secured by two adjacent mixed-use buildings with a combined gross building area of 13,375 square feet situated on a prime corner lot. Each building is four stories and contains one ground floor commercial unit and three two-bedroom apartments. The units have a loft-style design with high ceilings, and many have unobstructed views of the East River and Manhattan Skyline. Williamsburg is one of Brooklyn’s most desirable neighborhoods directly across the Brooklyn Bridge from Manhattan.  The area is a hub for the arts and music community and has evolved into a vibrant neighborhood of vintage boutiques, eateries, and music venues. The subject property is located two blocks from the waterfront and is accessible by the M, J, and Z subway lines and the ferry at South Williamsburg terminal.

 

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.

bronx NY warehouse self-storage building

February 2021

$7,080,000 – The Bronx, NY (Longwood)

bronx longwood new york warehouse self storage industrial

In February of 2021, Emerald Creek Capital provided a $7,080,000 acquisition loan in the Longwood neighborhood of the Bronx, NY. The loan is secured by a single-story warehouse on a 56,813 square foot site with 714 feet of frontage. The sponsor plans to redevelop the property into a state-of-art self-storage facility containing 2,300 climate-controlled units of varying sizes with 124,300 square feet of net rentable area. The property has ceiling heights of 16 – 18 feet, with 8 drive-in dock-high loading doors, and parking available adjacent to the building. Longwood is a densely populated neighborhood just north of Manhattan that has seen increased development in recent years. The subject property is ideally located for a self-storage facility with direct access to Bruckner Boulevard and the Bruckner Expressway and is less than 2 blocks from the 6 train.

 

For more information, please contact:

Scott Steinel, Senior Associate
(646) 237-2568
ssteinel@emeraldcreekcapital.com

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

walgreens retail building

February 2021

$4,700,000 – Johnson City, TN, Waynesville, GA, & Sanderson, FL

walgreens retail building

In February of 2021, Emerald Creek Capital provided a $4,700,000 acquisition loan secured by three retail properties located in Johnson City, TN, Waynesville, GA, and Sanderson, FL. Each of the properties consists of a free-standing, single-tenant building currently net-leased to a national retailer: Walgreens, Family Dollar, and Dollar General, respectively. The combined net rentable area of the subject properties totals 31,930 square feet. Each property is ideally located on a central, high traffic roadway and is well-positioned to meet market demand.

 

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.

February 2021

$3,550,000 – Brooklyn, NY (Greenpoint)

brooklyn condominum building rendering

In February of 2021, Emerald Creek Capital provided a $3,550,000 acquisition and construction loan in the Greenpoint neighborhood of Brooklyn, NY. The loan is secured by a 2,500 square foot development site with 25 feet of frontage. Plans for the site include a four-story, six-unit residential building encompassing 7,084 square feet of gross building area. The unit mix will consist of five simplex apartments ranging from studio to two bedrooms, and one triplex apartment with three bedrooms. All six units will feature a private balcony and the triplex will also enjoy a private rear yard. Greenpoint is an evolving residential area with hipster appeal and a vibrant artistic community. The neighborhood benefits from waterfront parks along the East River, trend-setting eateries, bars, and live music venues. The subject property is easily accessible by the G train.

 

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.

hamptons luxury residence

December 2020

$1,600,000 – Southampton, NY

hamptons luxury residence

In December of 2020, Emerald Creek Capital provided a $1,600,000 acquisition loan in Southampton, NY on the south shore of Long Island. The loan is secured by a recently constructed two-story residence with 5 bedrooms and 2,856 square feet of living area. The home features a 3-car garage, finished basement, gym, swimming pool, and jacuzzi. Southampton is a highly coveted residential town and vacation destination known for its upscale homes, pristine shoreline, and historic villages with high-quality restaurants, shops, and recreational offerings. The subject property benefits from its proximity to downtown Southampton Village and is accessible via the Southampton Bypass.

 

For more information, please contact:

Mark Bahiri, Managing Partner
mbahiri@emeraldcreekcapital.com
(800) 313-2616

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

newark new jersey industrial property

December 2020

$10,000,000 – Newark, NJ (Essex County)

newark new jersey industrial property

In December of 2020, Emerald Creek in Capital provided a $10,000,000 bridge loan in the city of Newark, New Jersey. The loan is secured by a single-story light-industrial property situated on a 5.16-acre lot with 34,000 square feet of building area and 174 parking spaces. The building is located just steps away from Newark International Airport and is currently NNN-leased to United Airlines.  It has a clear ceiling height of 18 feet with 24 individual drive-in vehicle bays. Newark Airport and its immediate area has seen significant large-scale investments in recent years and is well-positioned for light industrial properties.

 

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.

1 2 43