Emerald Creek Capital Provides $55 Million Loan on Iconic Landmark Building in Manhattan s Union Square prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
NEW YORK, Dec. 18, 2020 /PRNewswire/ Commercial real estate lender Emerald Creek Capital ( ECC ) closed 47 transactions in 2020, more than $200 million funded over 35 transactions since the beginning of the COVID-19 pandemic in March. Our team pulled together from the start to ensure we followed through on our deals, says ECC Managing Partner Mark Bahiri. We pride ourselves on timely execution and this year we had the opportunity to really prove that as a firm.
$17 Million Bridge Loan - Brooklyn, NY (Prospect Heights)
In mid-March, ECC provided a $5,600,000 bridge loan in only six business days for the acquisition of a 153-unit apartment complex in Dallas, TX. Subsequently in April, while other lenders halted funding during the heart of the shutdown, ECC provided a $17,000,000 condominium inventory loan in Brooklyn s Prospect Heights neighborhood. The loan is secured by luxury condominium units totaling 28,848 square feet within a n