In March of 2021, Emerald Creek Capital provided a $5,200,000 bridge loan in the Williamsburg neighborhood of Brooklyn, NY. The loan is secured by two adjacent mixed-use buildings with a combined gross building area of 13,375 square feet situated on a prime corner lot. Each building is four stories and contains one ground floor commercial unit and three two-bedroom apartments. The units have a loft-style design with high ceilings, and many have unobstructed views of the East River and Manhattan Skyline. Williamsburg is one of Brooklyn’s most desirable neighborhoods directly across the Brooklyn Bridge from Manhattan. The area is a hub for the arts and music community and has evolved into a vibrant neighborhood of vintage boutiques, eateries, and music venues. The subject property is located two blocks from the waterfront and is accessible by the M, J, and Z subway lines and the ferry at South Williamsburg terminal.
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