In June of 2022, Emerald Creek Capital provided a $3,780,000 acquisition loan in Pennsauken, NJ. The loan is secured by a 4-acre industrial property improved with a 10,000 square-foot cross-dock and warehouse building. The subject property operates as a distribution facility and also serves as a truck parking terminal, a permitted use under the zoning code which is rare and sought-after in the area. Pennsauken is a suburb of Philadelphia located just 5 miles from Center City. The subject property benefits from proximity to I-95, I-676, Route 130, and regional connectors like the Betsey Ross and Ben Franklin bridges.
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