In May of 2020, Emerald Creek Capital provided a $1,250,000 bridge loan in Lincoln Park, New Jersey. The loan is secured by a 13,751 square foot mixed-use property situated on a 0.55-acre site. The subject property is fully leased and comprised of two buildings; a 2,359 square foot medical office building, and a 11,392 square foot office and multifamily building configured as 3 office spaces and 9 one-bedroom apartments. Lincoln Park is a desirable suburban neighborhood within Morris County, well-known as one of the most affluent areas of the United States. Residents of Lincoln Park benefit from an abundance of parks and recreation, and high caliber schools. The subject property is located nearby to multiple New Jersey Transit train stations which provide access to Hoboken Terminal and Penn Station in Midtown Manhattan.
For more information, please contact:
Jeff Seidler, Managing Director