In May of 2022, Emerald Creek Capital provided a $4,125,000 bridge loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by a new 10-unit condominium development situated on a 4,000 square foot lot. The subject property is near completion and has a unit mix of studio, 1-bedroom, and 2-bedroom apartments. The residences have high quality finishes, custom cabinetry, and floor-to-ceiling windows. The 4th floor features a private roof deck. Bushwick is vibrant residential area neighboring Williamsburg that is popular among young professionals and artists. Dozens of art studios and galleries are scattered throughout the neighborhood, in addition to many parks, restaurants, shops and businesses. The subject property is accessible by the J, Z, and L subway lines.
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