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