In April of 2020, Emerald Creek Capital provided a $2,175,000 bridge loan in the Boerum Hill neighborhood of Brooklyn, NY. The loan is secured by a 4-story multifamily building with 3,040 square feet of gross buildable area situated on a 2,000 square foot lot. The sponsor recently renovated the interior of the subject property which is comprised of 4 one-bedroom, one-bath apartments with updated features. Boerum Hill is a desirable residential and business district, known for its architectural and historical charm, as well as top-rated restaurants, bars, and boutiques. Located a few blocks from the Barclays Center Arena and Atlantic Terminal, the subject property is well located and benefits from access to the F, G, D, M, N, R, 2, 3, 4, 5, B, and Q subway lines and the LIRR.
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