In April of 2022, Emerald Creek Capital provided a $6,500,000 non-revolving line of credit secured by five commercial properties across Brooklyn and Queens, NY. Located in the neighborhoods of Williamsburg, Bushwick, and Ridgewood, the collateral includes two mixed-use buildings, a multifamily dwelling, and two development sites. The existing portfolio includes approximately 12,500 square feet of gross building area. The zoning floor area of the development sites exceeds 15,000 square feet. These low density neighborhoods are a hub for the arts community and have evolved into vibrant neighborhoods. The subject properties are located in close proximity to the L, G, and M subway lines.
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