$12,000,000 – Brooklyn, NY (Boerum Hill)

321_Pacific1

In March of 2014, Emerald Creek Capital financed an $12,000,000 bridge loan in the Boerum Hill neighborhood of Brooklyn, NY. The loan proceeds will be used to develop four luxury townhouses on Pacific Street. The properties will encompass a total gross building area of 20,000 SF. Each town-home will enjoy a designated parking spot and private outdoor space. In addition to the development site on Pacific Street the loan was also secured by a development site on Atlantic Avenue.

For more information, please contact:

Mark Penna, CFA Managing Partner, Co-Founder
(800) 313-2616
mpenna@emeraldcreekcapital.com

 

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