In May of 2012, Emerald Creek Capital provided a $2,800,000 commercial bridge loan secured by retail properties in Long Branch, NJ and Wall, NJ. Situated on a 3.2 acre site adjacent to Monmouth Racetrack, the Long Branch property totals 28,000 SF and is occupied by three tenants. Situated on 1.15 acres on Route 35, the second property in Wall, NJ totals 13,200 SF and is occupied by three tenants. The loan allowed the borrowers to pay off the existing bank loan and to complete a partner buyout agreement.
For more information, please contact:
Jeff Seidler, Managing Director