In July 2017, Emerald Creek Capital provided a $1,560,000 bridge loan in the Fort Greene neighborhood of Brooklyn, NY. The loan is secured by a four-story mixed-use building on a 1,689 square-foot lot with 4,500 square-feet of gross buildable area. The building contains three one-bedroom units and one ground floor retail unit, plus a basement, all of which are fully occupied. The subject property is a short walk from Fort Greene Park and benefits from access to Atlantic Terminal as well as the A, C, B, D, N, Q, R, W, 2, 3, 4, and 5 subway lines.
For more information, please contact:
Matt Fantuzzi, Senior Associate