In November of 2014, Emerald Creek Capital provided a one year $1,860,000 acquisition loan in the East Williamsburg neighborhood of Brooklyn, NY. On a 25.17’ X 120.42’ lot, the subject property is currently improved with a 3,400 SF three-story, five unit, multifamily dwelling. With an FAR of 4, the borrower intents on maximizing floor area. The buyer was under the constraint of a 1031 and turned to Emerald Creek Capital for certainty of execution.
For more information, please contact:
Jeff Seidler, Managing Director