In May of 2019, Emerald Creek Capital provided a $2,600,000 bridge loan in the Prospect Heights neighborhood of Brooklyn, NY. The loan is secured by a four-story mixed-use building with 4,492 square feet of rentable area. The building is fully leased and consists of three 3-bedroom residential units above two commercial units on the ground floor. Prospect Heights is a popular Brooklyn community, home to the Brooklyn Botanical Gardens, Brooklyn Museum, and Barclays Center Arena. The subject property is accessible by the 2, 3, 4, B, Q, S, A, and C subway lines, as well as the Long Island Rail Road at Atlantic Terminal.
For more information, please contact:
Mike Cleaver, Managing Director