In November 2014, Emerald Creek Capital provided an eighteen month $1,075,000 bridge loan in the Bushwick neighborhood of Brooklyn, NY. Built on a 25’ X 100’ lot, the subject property is currently improved with a 4,500 SF three-story, six unit, multifamily dwelling. With a purchase and sale agreement set to expire, Emerald Creek Capital provided this acquisition loan in two business weeks. Loan proceeds included an allocation for renovation.
For more information, please contact:
Jeff Seidler, Managing Director