Emerald Creek Capital Provides $5.3M Bridge Loan For Midtown East Condo

The property involved in the transaction is a newly constructed 8,028 square foot boutique condominium building located at 323 E 52nd St, New York, NY, 10022. The asset consists of four luxury residences, including a 3-bedroom triplex with a private garden and balcony, two full-floor 2-bedroom units with private balconies, and a 4-bedroom penthouse with two private balconies and a rooftop garden.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $5,300,000.00
• Market: New York

The loan for this property was provided by Emerald Creek Capital in June of 2019. The loan amount was for $5,300,000.00 and was secured by the luxury residential building in Midtown East, New York. The lender's representative in this deal was Associate Director from Timbercreek Capital.