In June of 2022, Emerald Creek Capital provided a $15,000,000 bridge loan in the Waterfront neighborhood of Jersey City, NJ. The loan is secured by a 32,700 square foot corner lot with 275 feet of prime frontage near the Hudson River waterfront and Historic Downtown. The sponsor plans to maximize the zoning potential of the subject property by developing a 14-story, 594-unit mixed-use apartment building. Directly across the river from Manhattan, Jersey City has transformed into a highly sought-after area that continues to see significant investment in residential and commercial development. The Waterfront area boasts a variety of restaurants, shops, and attractions in addition to a multitude of options in neighboring Hoboken. The subject property is accessible by the PATH train, Hudson-Bergen Light Rail, ferries, and the Holland Tunnel from Manhattan.
For more information, please contact:
Mike Cleaver, Managing Director
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