In our first interview with Managing Partner Mark Bahiri, we discussed the services and experience of commercial loan entity Emerald Creek Capital. We rejoin Mr. Bahiri to learn more about his role at the company.
Q: Tell us more about your duties and functions at Emerald Creek Capital.
Mark Bahiri: I serve as Emerald Creek Capital’s Managing Partner. I founded the company in May of 2009 with my business partner, Mark Penna. Together, Mark and I work with our management team to keep Emerald Creek Capital on top of market fluctuations. We look for new commercial real estate opportunities that result from those changes.
Q: You and your co-founder tout the company’s flexibility. Why do you consider flexibility to be such an important asset?
Mark Bahiri: Flexibility is important because of the market’s volatility. Nothing is constant, especially in real estate and finance. We understand that our clients need great financing deals to help them further their business aspirations, so Mark, I, and our savvy team decided to emphasize our expediency and in-depth knowledge of the market to help clients realize those goals.
Q: How hands-on does a Managing Partner need to be?
Mark Bahiri: Mark and I maintain a constant vigilance to keep Emerald Creek Capital on track. Specifically, I oversee all the firm’s investment opportunities. I am also able to source, underwrite, and close commercial loan transactions anywhere in the country. In doing that, I leverage my experience and understanding of our industry to analyze each loan’s viability and risk.
Q: How did your past experiences prepare you for your role at Emerald Creek Capital?
Mark Bahiri: I got my start managing money from family and accredited investors. Quick learners thrive in this business, and I was able to pick it up faster than many, producing positive returns and utilizing sound investment strategies to achieve them. Before Emerald Creek Capital, I was co-founder of Madison Realty Capital and served as Senior Advisor on the company’s loan committee, where I oversaw, structured, and approved all transactions.
About Emerald Creek Capital:
A commercial real estate financing company, Emerald Creek Capital collectively holds over 30 years of commercial bridge loan experience totaling more than $500 million in approved funding. Priding itself on flexibility, Emerald Creek Capital offers one-to-three-year loans ranging from $500,000 to $20 million with interest rates as low as 10%.
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Since 2009, real estate financing firm Emerald Creek Capital has provided numerous businesses with the commercial bridge loans that they required to begin or continue operation. Emerald Creek Capital Managing Partner and co-founder Mark Bahiri sat down with us to talk more about the company, as well as his particular duties with the firm.
Q: What services does Emerald Creek Capital provide?
Mark Bahiri: Emerald Creek Capital serves the business world by supplying commercial entities with financing. Our management team possesses years of real estate industry knowledge that allows us to determine a transaction’s feasibility quickly and precisely, which our clients appreciate, as those qualities help them to keep focused on their operations.
Q: How quickly does Emerald Creek Capital usually close loans?
Mark Bahiri: We have built a reputation on expediency; most of our loans, which range from half a million to $20 million, close within one to two weeks.
Q: I imagine businesses prioritize experience in matters as critical as loans. Taking into account every member of the Emerald Creek Capital team, what is the total amount in commercial bridge loans your team has provided?
Mark Bahiri: Collectively, the Emerald Creek Capital team wields 30 years of experience and over $500 million in distributed commercial bridge loans.
Q: Could you tell us about some of the loans Emerald Creek Capital provided recently?
Mark Bahiri: Absolutely. Some of our recent transactions include an office complex refinance in Corpus Christi, Texas, for just over $1.9 million. A residential building in Brooklyn, New York, needed refinancing, so the owner worked with Emerald Creek Capital and acquired a loan of $3.3 million.
Q: Where can our readers learn more about Emerald Creek Capital?
Mark Bahiri: Visit us online at EmeraldCreekCapital.com.
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Private equity firm Emerald Creek Capital provides short-term loans to borrowers in commercial real estate. In a weak economy, Emerald Creek Capital’s service has become increasingly valuable to property managers and real estate brokers. Recipients use the proceeds for a variety of purposes, including acquisitions, refinancing, upgrading, repositioning, and cashing out. Most recently, Emerald Creek Capital granted $2,200,000 to a 200-unit apartment home complex in Waco, Texas. The property management company used the interim loan to stabilize the complex and satisfy an expanding mortgage payment. Without the funds provided by Emerald Creek Capital, the apartment complex would not have had the resources to stabilize and apply for a conventional HUD loan. In October 2009, Yahoo! Finance and MortgageMag reported on Emerald Creek Capital’s transaction. Based in Manhattan, Emerald Creek Capital has provided funds to borrowers in cities throughout the United States, including New York, Michigan, Kentucky, and Texas. An experienced management team with a proven track record in structuring and investing in real estate opportunities leads Emerald Creek Capital. With 30 years of experience in the industry, Emerald Creek Capital’s is the nation’s leading bridge lender.
As the economic climate has worsened, Emerald Creek Capital has sought to provide its clients with state-of-the-art lending solutions, connecting qualified borrowers with new opportunities in the commercial real estate market. Time-sensitive circumstances often arise during the life of a business, and Emerald Creek Capital’s bridge loans allow clients to capitalize quickly on opportunities. Emerald Creek Capital also prides itself on flexibility and responsiveness. Emerald Creek Capital’s distinctive business plan allows the company to furnish loans ranging from $500,000 to $20 million, often in less than 2 weeks. Emerald Creek Capital accepts all types of real estate as collateral. At no other point in economic history has a network of reliable contacts like Emerald Creek Capital’s been so important in attaining financial success. Emerald Creek Capital places its business relationships at the disposal of qualified borrowers, protecting them from the difficulties many other firms experience during economic downturns. Located in Manhattan, Emerald Creek Capital is led by Managing Partners Mark Penna and Mark Bahiri. For more information about Emerald Creek Capital, including detailed lending parameters, visit emeraldcreekcapital.com.