In December of 2020, Emerald Creek in Capital provided a $10,000,000 bridge loan in the city of Newark, New Jersey. The loan is secured by a single-story light-industrial property situated on a 5.16-acre lot with 34,000 square feet of building area and 174 parking spaces. The building is located just steps away from Newark International Airport and is currently NNN-leased to United Airlines. It has a clear ceiling height of 18 feet with 24 individual drive-in vehicle bays. Newark Airport and its immediate area has seen significant large-scale investments in recent years and is well-positioned for light industrial properties.
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