In September of 2019, Emerald Creek Capital provided a $1,100,000 acquisition loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by the subject property, a 2,876 square foot multifamily building consisting of 3 two-bedroom apartments. The borrower plans to renovate the existing units into 3 three-bedroom apartments with high ceilings and updated finishes. Bushwick is a popular residential neighborhood among families and young professionals. The gentrification of trendy Williamsburg to the north continues to spread through Bushwick resulting in a lively restaurant, bar, and art scene. The subject property is easily accessible by the L and M trains.
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