In November 2016, Emerald Creek Capital provided a $6,950,000 construction loan in the Park Slope neighborhood of Brooklyn, NY. The loan is secured by a 6,000 SF development site that will be improved with a luxury condominium building totaling approximately 18,000 SF of gross building area. The borrower plans to build a five story elevator building that will include nine residential units, three deeded parking spaces, and 20 storage spaces. The project will enjoy 3,470 SF of outdoor space. The site benefits from access to the B, D, F, N, R, W, and G subway lines within a five-block radius.
For more information, please contact:
Jeff Seidler, Managing Director