Happy Birthday, Emerald Creek Capital! The bridge lender turned 10 recently, having been launched at a pretty interesting time—shortly after the global financial crisis. Since then, it’s grown its staff count, its capital base and its average loan size. Despite increased competition in the bridge lending space, the company is sticking to its core disciplines and prides itself on its speed of execution when the right deal presents itself. In November, it provided a $40 million loan to Emmut Properties for its new hotel at 138 Bowery on the Lower East Side.Read More
DALLAS — Locust Park Capital, a New York City-based investment banking and capital advisory firm, has arranged a $3 million loan for the refinancing of a retail property in Dallas that is net-leased to CVS.Read More
The Midtown Manhattan office market will have to contend with a few complications in the near future, but those won’t necessarily spill over on CMBS office collateral in the submarket, per a new report by Kroll Bond Rating Agency.Read More
General opinion is that a trade war between the U.S. and China likely won't be a good thing for commercial real estate, but it might be one of the safer parts of the economy during that time
NEW YORK - May 21, 2019 - eTradeWire -- Locus Park Capital has secured a $3 million refinancing for a net-leased CVS pharmacy in Dallas. The five-year loan features a fixed rate of 4.95 percent and a 30-year amortization schedule. The lender was a local community bank. Locust Park's Kenneth Lee arranged the loan on behalf of the undisclosed borrower.Read More
NEW YORK - May 15, 2019 - PRLog -- Locust Park Capital has secured a $12 million loan to refinance a seven-story mixed-use building in the Central Business District of Orlando, Florida. The recently renovated building was fully leased at the time of financing. Kenneth Lee of Locust Park arranged the five-year loan with a fixed rate of 4.370 percent for the unnamed borrower. The Lender was an unnamed life insurance company.
When investors list the up-and-coming real estate markets they’re most amped up about, the readiest answers—places like Miami, Nashville, Atlanta and the Carolinas—tend to have three things in common: sunny weather, low tax bills, and a latitude south of the Mason-Dixon line. For one U.S. commercial real estate bank with one of the boldest success stories of the last decade, a fourth factor unites those markets as well: They’re all right in its backyard.Read More