In September 2017, Emerald Creek Capital provided a $9,000,000 refinance in the Journal Square neighborhood of Jersey City, NJ. The loan is secured by a mid-rise commercial building containing 50,734 square feet of gross leasable area for retail and office use in addition to 75 garaged parking spaces. Jersey City is an increasingly popular residential and business district directly across the river and easily accessible to Manhattan via the Path Train and Holland Tunnel. The subject property is situated on the well-trafficked intersection of Kennedy Boulevard and Newark Avenue, and is walking distance to the Journal Square Path Train Station.
For more information, please contact:
Mike Cleaver, Managing Director