In August of 2022, Emerald Creek Capital provided a $6,200,000 bridge loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by a 5-story, 20-unit condominium building with 21,364 square feet of gross building area. The one- and two-bedroom units feature high-end finishes, floor-to-ceiling windows, and private balconies. Building amenities include a common roof deck and 10 parking spaces. Bushwick is a 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 easily accessible by the J, M, and Z subway lines.
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