In December 2017, Emerald Creek Capital provided a $5,250,000 refinance in the Boerum Hill neighborhood of Brooklyn, NY. The collateral securing the loan is a newly constructed 9,371 square foot mixed-use building containing 8 one-bedroom residential units, ground floor double height retail, and below grade commercial space. The residential units benefit from private balconies, as well as modern finishes and appliances. Located on Smith Street, the retail benefits from the high foot traffic synonymous with Boerum Hill restaurant row. The subject property is located directly across the street from the F and G subway lines as well as a short walk to the A, C, 2, 3, Q, R, B, D and the LIRR.
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