Since it’s inception, Emerald Creek Capital has played an important role in helping
to sustain and support real estate developers and other commercial ventures in
need. While the loans they offer are only short term, they are exactly what the
operators requesting them need. The loans provide a short term burst of cash,
which gives the sponsor the time to take advantage of market opportunities while
working towards a more long-term solution with a bank. Due to the work that ECC
has done, they have received accolades from national and local press sources
around the country that have only helped in increase business for the firm.
When the housing bubble burst and the credit crisis began, banks and traditional
long term lending facilities became much more resistant to loaning money. This was
an issue for many real estate businesses. ECC was started in 2009 as a way to help
those in the commercial real estate market find a stable source of capital for their
short-term plans that would allow them to expand while simultaneously setting up a
more traditional long-term loan. Due to the liquidity restraints and the
governmental oversight involved in the more traditional lending venues, Emerald
Creek Capital’s business soared as people saw them as a stable and expedient source
of short-term bridge loans.
Recently, the New York Real Estate Journal wrote an article praising the company
for loaning out 30 million dollars in two months for a number of different loans. This
article highlighted Emerald Creek Capital’s ability to come to agreement with
sponsors and close transactions for them in a short time frame. This is a key trait for
success in the bridge lending market and Emerald Creek is often recognized in the
press for this quality.