In August of 2024, Emerald Creek Capital provided a $30,000,000 bridge loan in the Midwood neighborhood of Brooklyn, NY. The loan is secured by a newly constructed, eight-story mixed-use building containing 74 residential units above two ground-floor commercial spaces. The subject property spans 70,775 square feet and has 37 private parking spaces. The luxury residences range from studios to three-bedrooms, and feature open floor plans, high-end finishes, and balconies. Building amenities include a state-of-the-art fitness center, laundry facilities, and an expansive rooftop terrace. Midwood is a diverse and vibrant neighborhood in Brooklyn, known for its suburban feel with tree-lined streets, single-family homes, and a variety of restaurants and shops. Located in a prime area, the subject property is well-connected to public transportation including the F, B, and Q subway lines.
For more information, please contact:
Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com
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