Emerald Creek Capital

Emerald Creek Capital's recent establishment of a unique new private equity fund is just another example of the many options the Manhattan-based commercial property lender is able to provide lenders and investors with. To date, Emerald Creek Capital has assisted financially ailing real estate holders across the country.

Emerald Creek Capital's Managing Partners Mark Bahiri and Mark Penna launched the new private equity fund in early 2010 to utilize the credit market's current lack of liquidity. The new fund is a model example of how Emerald Creek Capital is filling a lending gap left by frozen credit markets.

Since the establishment of Emerald Creek Capital, numerous commercial structures have been able to keep their doors open and retain their tenants, instead of shutting down. In the past, Emerald Creek Capital has provided bridge and hard money loans used for acquisitions, refinancing, upgrading, repositioning, and cash out purposes of a variety of real estate structures.

Recently, a $7 million loan provided by Emerald Creek Capital led to the refinancing of a mixed-use building in New York City. Other Emerald Creek Capital loans include $4.5 million for the acquisition of a Class B office in Southfield, Michigan; $4.3 million to purchase a residential condo complex in Edgewater, New Jersey; and $3 million to refinance a Naples, Florida, cosmetic center.

Emerald Creek Capital has aligned itself with several professional service firms in order to provide full-service lending. Emerald Creek Capital's legal advisors include Stroock & Stroock & Lavan LLP for fund formation and Rosenberg & Estis, P.C. for transactions. Emerald Creek Capital utilizes Fidelity Investments and Signature Bank of NY for banking; Rothstein Kass & Company, P.C. for fund auditing; and Anchin, Block & Anchin LLP as a holding firm. For more information on short-term loans from Emerald Creek Capital, go to www.emeraldcreekcapital.com.