In August of 2020, Emerald Creek Capital provided a $2,500,000 bridge loan secured by two industrial condominium units in Clifton, New Jersey. The larger unit has 19,158 square feet of net rentable area with 20-foot ceilings, three dock high doors, and three drive-in doors. The second unit is a free-standing building with 5,535 square feet of net rentable area with 17-foot ceilings, two drive-in doors, and is fully climate controlled. Clifton is a city in Northern New Jersey, surrounded by the Passaic River and a variety of parks and reservations. Access to the subject property is available via Routes 3, 17, 21, 46, I-80, I-280, as well as the Garden State Parkway. The subject property is also within walking distance of the New Jersey Transit which provides direct access to New York City.
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