Emerald Creek Capital provides $39.14 million for 10 New York area loans

The Emerald Creek Capital team has provided $39.14 million in the following 10 N.Y. area loans: * A $4.7 million bridge loan in Manhattan's Union Sq.. On a 22.5' x 103.25' lot, with an FAR of 6.02, the subject property is currently improved with a 5,675 s/f, four-story mixed-use building. The loan was originated by Emerald Creek's Jeff Seidler. * A $3.3 million bridge loan in Manhattan's East Village. On a 25' x 106' lot, the subject site is currently zoned R8B with an FAR of 6.02. The loan was originated by Seidler. * An $840,000 loan secured by a three-story, three-family dwelling in Brooklyn's Greenpoint neighborhood. The loan was originated by Seidler. * An $11 million building loan agreement secured by two development sites in Brooklyn's Boerum Hill. The loan proceeds will be used to develop four townhouses totaling 20,000 s/f. The loan was originated by Emerald Creek's Mark Penna. * A $1.4 million acquisition loan secured by a development site in Williamsburg neighborhood of Brooklyn. The 20' x 106' site is zoned R6. The loan was originated by Emerald Creek's Mark Bahiri. * $4.2 million acquisition loan secured by a development site in the Williamsburg neighborhood of Brooklyn. The 93'x 83' site is zoned R6. The loan was originated by Bahiri. * A $5.25 million acquisition loan secured by a development site in the Chelsea neighborhood of Manhattan. Although the property is currently improved with an 8,000 s/f vacant building, the site allows for a gross building area of 15,000 s/f. The loan was originated by Bahiri. * $1.75 million bridge loan secured by a development site in University Heights section of the Bronx. Zoned C2-4 with an R7-1 overlay, the lot is 229.67' x 147.75' with an FAR of 3.44. The loan was originated by Emerald Creek's Mike Cleaver. * $1.25 million bridge loan in the Bedford Stuyvesant neighborhood of Brooklyn. The loan is secured by a pair of two-family homes totaling 4,960 s/f. The loan was originated by Emerald Creek's Joe Stafford. * $3.25 million bridge loan secured by a condo on the 73rd floor of the world renowned Time Warner Center on Columbus Circle in Manhattan. The subject property totaled 1,440 s/f with two bedrooms and two and one half bathrooms. The loan was originated by Stafford. * A $2.2 million acquisition loan secured by a mixed-use building in the East Williamsburg section of Brooklyn. Comprised of office and warehouse space, the subject property totaled 17,500 s/f. The loan was originated by Stafford.