Emerald Creek Capital's Mark Penna On Firm's 10 Year Anniversary

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.

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Keith Lee
Locust Park Capital Arranges $12M Refinance For Mixed Use Building in Orlando's CBD

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.

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Keith Lee
SunTrust's CRE Business is On Fire

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.

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Keith Lee