In November of 2024, Emerald Creek Capital provided a $24,400,000 bridge loan in the Historic Downtown neighborhood of Jersey City, NJ. The loan is secured by a newly constructed 48-unit condominium building with 69,093 square feet of gross building area. The unit mix ranges from one-bedroom to four-bedroom units, with some two and three-bedroom units featuring a den. The amenities include two outdoor recreation areas, a community room, and fitness center. There are 49 garage parking spaces. Historic Downtown Jersey City is a vibrant neighborhood known for its charming brownstone architecture, diverse dining options, and thriving arts scene. Easily accessible by public transportation, it is just minutes from Manhattan via the PATH train and well-served by multiple bus routes.
For more information, please contact:
Mike Cleaver, Managing Director
(212) 239-6845
mcleaver@emeraldcreekcapital.com
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