Emerald Creek Capital Provides $37 Million Bridge Loan To Prime Storage Development Site In Hell's Kitchen

The property asset involved is a development site located at 599 11th Avenue, 511 West 25th Street, 521-541 West 25th Street, and 550 West 25th Street in the Hell's Kitchen market of Manhattan. The loan amount secured for this transaction is $37,000,000, classified as a bridge loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $37,000,000
• Lender: Emerald Creek Capital
• Landlord: Prime Storage
• Brokers: AJ Bruno & Drew Anderman - CBRE

Key individuals involved include AJ Bruno and Drew Anderman, who both represent CBRE in this transaction. Their involvement emphasizes the significant brokerage presence in securing the loan and facilitating the deal for Prime Storage.