In April 2017, Emerald Creek Capital provided a $7,000,000 refinance in the neighborhood of Williamsburg in Brooklyn, NY. The loan was secured by a 100% stabilized mixed-use building with 10,457 SF of gross building area. This loan was structured as a non-revolving line of credit so that the borrower could utilize the equity in his building to take advantage of other market opportunities. The subject property is located in a highly desirable residential neighborhood in close proximity to the waterfront and easily accessible to Manhattan.
For more information, please contact:
Mike Cleaver, Managing Director