Emerald Creek Capital Funds $6M Loan For Retail Property In East Hampton

The property asset involved in the transaction is a three-story retail property located at 63 Main St, East Hampton, NY, 11937. The asset spans 10,948 square feet and features 25 feet of frontage. The retail space is currently occupied by a high-end retailer and is situated in a prime shopping corridor within the central business and entertainment district of East Hampton.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,000,000.00
• Address: 63 Main St, East Hampton, NY, 11937
• Market: East Hampton
• Lender's Representative: Senior Vice President at Emerald Creek Capital
• Borrower: Unknown

This transaction involved Emerald Creek Capital providing a refinance loan in October of 2019. The village of East Hampton is recognized for its upscale homes, high-quality restaurants and shops, as well as its sandy beaches, making it a desirable location for both residents and tourists. The property benefits from accessibility via the Long Island Rail Road and Montauk Highway.