$2,900,000 – Brooklyn, NY (Cobble Hill)

cobble hill bridge loan

In August 2016, Emerald Creek Capital provided a $2,900,000 commercial bridge loan that is secured by a first mortgage on a 2,700 square foot townhouse located in Cobble Hill, Brooklyn. The sponsor, a local experienced real estate developer, is using the funds to redevelop the property into a four-story, 4,998 square foot condominium building comprised two duplexes and one simplex.