In May of 2019, Emerald Creek Capital provided a $2,830,000 acquisition and building loan in Westhampton Beach, NY on the south shore of Long Island. The loan is secured by a 14,375 square foot oceanfront property with 80 feet of beach frontage. A three-time repeat borrower of Emerald Creek, the sponsor plans to redevelop the property into a luxury residence consisting of 5 bedrooms, 6 bathrooms, a two-car garage and 30-foot swimming pool. In addition to spacious rooms and high-end finishes, the home will feature large paneled windows and multiple decks with sweeping views of the Atlantic Ocean. The subject property is located a short drive from the critically acclaimed restaurants, shops and entertainment within Westhampton Beach Village.
For more information, please contact:
Mike Cleaver, Managing Director