In June 2015, Emerald Creek Capital provided a $1,500,000 loan in the Greenpoint neighborhood of Brooklyn, NY. The subject property is a vacant two-story residential building with a two-car garage situated on a 3,600 SF lot. The Borrower has plans to redevelop the site into a four-story mixed-use building with 10 residential apartments and ground floor retail space. Emerald Creek’s efficient due diligence process allowed the Borrower to acquire the property at an attractive basis.
For more information, please contact:
Mike Cleaver, Managing Director