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 an 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.
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