Emerald Creek Capital Provides $52 Million Construction Loan For Midtown Condo At 133 East 55th Street

The property involved in this transaction is a condo located at 133 East 55th Street in the Midtown market, with a total square footage of 45,944. The loan amount secured for this asset is $52,000,000 under a construction loan type.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $52,000,000
• Lender: Emerald Creek Capital
• Lender's Representatives: Jeff Seidler, Dean Wang & Dustin Tenenbaum
• Landlord: Sergey Rybak, Jason Reznik & Andrew Shavrin - Rybak Development & Simon Veys - BK Developers
• Brokers: Aaron Niedermayer & Robert Tonnessen - JLL

This transaction was facilitated with the involvement of key representatives from Emerald Creek Capital and Rybak Development, indicating a collaborative effort towards the property development represented by the brokers from JLL. The deal underscores the strategic partnerships within the real estate market.