Emerald Creek Capital Provides $1.6M Loan For Babylon Office Property

The property involved is a 7,200 SF commercial building located at 375 Deer Park Ave, Babylon, NY, 11702. The acquisition loan provided by Emerald Creek Capital amounted to $1,600,000.00. This two-story building comprises three commercial units, including a ground floor bank branch and two upper floor office spaces. Situated in Babylon, the property is anchored by People’s United Bank and is conveniently close to the Long Island Railroad, offering easy access to Long Island’s South Shore and New York City.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,600,000.00
• Market: Babylon
• Lender: Emerald Creek Capital
• Lender's Rep: Managing Partner, Co-Founder (Emerald Creek Capital)

In March 2017, Emerald Creek Capital facilitated the $1,600,000 acquisition loan, with the property securing the loan being a 7,200 SF commercial building in Babylon, NY. The building features a diverse mix of commercial spaces, hosting a bank branch and office units. Notably, the property is strategically positioned near the Long Island Railroad, enhancing its accessibility to key locations such as Long Island’s South Shore and New York City.