In October of 2023, Emerald Creek Capital provided a $3,300,000 acquisition and renovation loan in Hoboken, NJ. The loan is secured by a five-story mixed-use building with 6,525 square feet of rentable area. The sponsor plans to renovate the subject property to ultimately consist of eight two-bedroom apartments above a 1,500-square-foot retail space. Directly across the river from Manhattan, Hoboken is a highly desirable neighborhood with both residential and commercial appeal. The area features charming brownstones and upscale condominiums and offers residents an abundance of restaurants, bars, boutiques, public parks, and scenic walkways along the river. The subject property is centrally located on a prime corner and is accessible from Manhattan by the PATH train and ferry service.
For more information, please contact:
Dean Wang, Senior Vice President
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