In October 2015, Emerald Creek Capital provided a $2,300,000 acquisition loan secured by a 10,173 SF development site located in Williamsburg, Brooklyn.
The site can be developed with a maximum zoning floor area of 20,346 SF. The borrower has approved plans with the DOB plans for a hotel. The site has immediate proximity to I-278 Expressway and the Williamsburg Bridge as well as access within a three-block radius to the J, M, and G subway lines.
For more information, please contact:
Mike Cleaver, Director