In July of 2020, Emerald Creek Capital provided a $9,000,000 construction loan to a repeat borrower in the Vinegar Hill neighborhood of Brooklyn, New York. The loan is secured by a 7,173 square foot lot, currently being developed into a five-story luxury condominium building featuring nine family-sized units. Upon completion, the subject property will contain 20,571 square feet of gross livable area. Residents will benefit from high-end finishes, a lounge, a fitness room, a playroom, a common backyard, storage, and four parking spaces. Vinegar Hill is a tight-knit waterfront community directly across the East River from Manhattan, known for its charm and historic row houses. The subject property is easily accessible by the F subway line, the Manhattan Bridge and Brooklyn Bridge.
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