In December of 2017, Emerald Creek Capital provided a $1,599,000 refinance in the Boerum Hill neighborhood of Brooklyn, NY. The loan is secured by a 7,161 SF development site with a full set of approved plans for a 19,417 SF, seven-story, mixed-use building. The end product will contain 24 residential units, ground-floor and cellar retail, along with 12 covered parking spaces. The site is conveniently located just steps from Atlantic Avenue and Smith Street, two major commercial corridors each with a variety of restaurants and boutiques. The property benefits from immediate access to the F and G subway lines and is a short distance to the D, M, N, R, 2, 3, 4, 5, B, and Q lines and the LIRR at Atlantic Terminal.
For more information, please contact:
Jeff Seidler, Managing Director