In August 2017, Emerald Creek Capital provided a $2,650,000 construction loan in the Williamsburg neighborhood of Brooklyn, New York. The loan is secured by a 2,500 square-foot lot with development plans for a four-story residential condominium building totaling 5,553 square feet of sellable area. The proposed building will consist of four two-bedroom two-bath condominiums, each with a front terrace, including one duplex with a rear yard. Located one block from McCarren Park, the subject property benefits from immediate access to the L and G subway lines.
For more information, please contact:
Jeff Seidler, Managing Director