Emerald Creek Capital Arranges $2.7M Loan For 16303 72nd Ave In Fresh Meadows

In July of 2018, Emerald Creek Capital provided a $2,700,000 acquisition loan for a property located at 16303 72nd Ave, Queens, NY, 11365. The loan is secured by 5 single-family townhouses with a total site area of 9,000 square feet and a combined frontage of 100 feet, with each townhouse featuring 3 bedrooms, a private rear yard, and a parking garage. The property is situated in the Fresh Meadows neighborhood, known for its residential appeal and proximity to various amenities and transportation routes.

Summary of transaction details:

• Property Type: Residential
• Transaction Amount: $2,700,000.00
• Market: Fresh Meadows
• Lender: Emerald Creek Capital
• Lender's Representative: Matt Fantuzzi, Vice President
• Contact Information:
  • Phone: (646) 237-2570
  • Email: [email protected]

The Senior Vice President of Emerald Creek Capital facilitated the loan transaction for the property in Fresh Meadows, Queens, NY. Fresh Meadows boasts a prime location near major roadways like the Long Island Expressway and Queens Boulevard, enhancing its accessibility. The subject property's development potential, with a combined zoning for multi-family residential use and close proximity to parks and recreational areas, adds to its attractiveness in the real estate market.