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New York & Tri-State  + Finance  | 
Bridge Lender Emerald Creek on Pace to Fund $500M of Loans in 2022

Bridge Lender Emerald Creek on Pace to Fund $500M of Loans in 2022

New York-based national bridge lender Emerald Creek Capital has funded over $133 million in commercial mortgages during the first quarter of 2022, on pace to lend over half a billion for the year, the company said.

Notable among the Q1 closings is a $43.3 million acquisition loan provided on the south shore of Staten Island, NY. The loan is secured by a five-building, 51-unit commercial complex with 161,210 square feet of net rentable area. Verizon Wireless, Dunkin Donuts, and Panera Bread are among the long-term tenants in place. The property also features a Tesla charging station. 

The loan was funded in just three weeks.

Additionally, in Q1, Emerald Creek provided a $14.1 million acquisition loan to a long- standing repeat borrower in the city of Rochester, NY. The property consists of a 111,741- square-foot warehouse and distribution facility net leased to FedEx. The building is located within the Rochester Technology Park, home to global tenants including Pepsi, McKesson, Kodak, and L3 Harris Technologies.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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