In April of 2022, Emerald Creek Capital provided a $11,500,000 condominium inventory loan in the Bedford-Stuyvesant neighborhood of Brooklyn, NY. The loan is secured by 11 residential condominium units and a 20,000 square foot commercial space within a newly constructed mixed-use building. The high-end residential units range from three to five bedrooms and combined encompass 21,584 square feet of livable area. Bedford-Stuyvesant is a large residential neighborhood in central Brooklyn known for historic brownstones and Victorian architecture. While becoming increasingly popular among young families and artists, the community continues to attract new restaurants, shops, and other businesses. The subject property benefits from access to the G, J, M, and Z subway lines.
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