In March of 2023, Emerald Creek Capital provided a $3,500,000 construction loan to a repeat borrower in the town of Westhampton, NY. The loan is secured by a 34,670-square-foot waterfront development site to be improved by a 5,100-square-foot residence. The luxury six-bedroom home will offer oversized windows with unobstructed bay views, high-end finishes, an in-ground pool and spa, and a four-car garage. The subject property has 80 feet of sandy bay frontage as well as private access to the Atlantic Ocean beach directly across the street. Westhampton Beach is a highly coveted residential community and vacation destination known for its pristine white sand beaches and charming, laid-back feel. The subject property is located a short drive from the critically acclaimed restaurants, shops, and entertainment within Westhampton Beach Village.
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