Emerald Creek Capital
Emerald Creek Capital is a Manhattan-based private commercial real estate bridge lender providing $2M-$75M, 1-3 year, interest-only loans secured by multifamily, industrial, retail, and self-storage properties across 29 U.S. states, serving middle-market borrowers and operators.
- Company typePrivate
- Founded2009
- HeadquartersPalm Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Emerald Creek Capital does
Emerald Creek Capital is a privately held, Manhattan-based commercial real estate bridge lender founded in 2009 by Mark Bahiri and Mark Penna following the Global Financial Crisis. The firm originates short-term, interest-only bridge loans ranging from $2 million to $75 million with 1-3 year terms, up to 65% loan-to-value, and interest rates starting at SOFR + 3.45%, closing in 1-2 weeks. Collateral types include multifamily, warehouse, retail, industrial, and self-storage properties across the United States, and proceeds are used for acquisitions, refinances, value-add repositioning, and cash-out needs. The firm also operates the ECC Opportunity Fund (ECCOF), an opportunistic equity vehicle launched in 2022 for value-add and lease-up joint ventures alongside regional operating partners.
The firm's revenue is generated through interest income and origination/exit fees on its bridge loan portfolio, supplemented by equity participation economics from the Opportunity Fund. Distribution is executed through four regional offices (New York headquarters, Palm Beach Gardens, Chadds Ford, and Boston), a direct origination team, and an active broker channel. Capital is sourced from founder equity and a $110 million revolving credit facility syndicated by M&T Bank, BankUnited, and Webster Bank (closed October 2023).
Since inception, Emerald Creek Capital has closed over 550 loans totaling $3.5 billion across 29 states, with reported 2022 origination pacing above $500 million. Notable transactions include a $55 million loan on the landmark 44 Union Square mixed-use property, $60.5 million for a Long Island City condominium inventory loan, $52 million for a Midtown East luxury condo construction loan, and $47.5 million for Lendlease's The Reed Condominiums in Chicago. The firm is founder-owned, employs 11-50 people, and is led by a team including Managing Directors Jeff Seidler, Mike Cleaver, and Dean Wang, with advisory board members from Blackstone, Indus Capital Partners, and Harbor Group International.
Emerald Creek Capital firmographics
Firmographics- Name
- Emerald Creek Capital
- Legal name
- Emerald Creek Capital, LLC
- Website
- https://emeraldcreekcapital.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Emerald Creek Capital is a Manhattan-based private commercial real estate bridge lender providing $2M-$75M, 1-3 year, interest-only loans secured by multifamily, industrial, retail, and self-storage properties across 29 U.S. states, serving middle-market borrowers and operators.
- Ownership category
- akta.pro rank
Emerald Creek Capital industry classification
Industry- Product category
- Commercial Real Estate Lending
- NAICS
- Real Estate Credit (522292)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Balance-Sheet / Portfolio CRE Lending (FSALADAG)
- akta.pro secondary industries
- Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG)
Keywords
Where Emerald Creek Capital is headquartered
LocationHeadquarters
- HQ city
- Palm Beach
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Emerald Creek Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Bridge Loan Interest and Fees: Emerald Creek Capital generates revenue through interest income and origination fees on short-term bridge loans secured by commercial real estate. Loans range from $2 million to $75 million with terms of 1-3 years, interest-only payments, and starting rates of SOFR + 3.45%. The firm provides financing for acquisitions, refinances, value-add repositioning, and cash-out purposes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Short-term bridge loans from $2M to $75M |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Emerald Creek Capital product offering
Product offeringCore offering
Emerald Creek Capital originates and underwrites short-term bridge loans secured by commercial real estate, ranging from $2 million to $75 million with 1–3 year terms, interest-only amortization, up to 65% LTV, and closing times of 1–2 weeks. The firm lends against multifamily, warehouse, retail, industrial, and self-storage collateral for acquisitions, refinancing, value-add repositioning, and cash-out purposes, and complements this lending activity with the ECC Opportunity Fund, an opportunistic equity investment fund that co-invests alongside regional operating partners in value-add, lease-up, and repositioning strategies.
Product overview
Emerald Creek Capital operates as a single unified product offering focused on short-term real estate bridge lending, supplemented by the ECC Opportunity Fund for opportunistic equity investments. The core Bridge Loans product provides $2M-$75M financing secured by real estate (multifamily, warehouse, retail, industrial, self-storage) with 1-3 year terms, while the ECC Opportunity Fund extends the firm's capabilities into equity co-investments alongside regional operating partners. Together, these products serve borrowers and investors across 29 states nationwide.
Differentiator
Problem solved
Functional benefit
Brands
- ECC Opportunity Fund: An opportunistic equity investment fund focused on acquisitions and joint venture partnerships targeting value-add, lease-up and repositioning strategies with regional operating partners, primarily in multifamily, industrial, and self-storage sectors across the southeastern and southwestern United States.
Quantifiable outcome
- Over 550 loans totaling $3.5 billion deployed since inception
- +3 more outcomes
Companies that use Emerald Creek Capital
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles6 records
Emerald Creek Capital technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Emerald Creek Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Alpaca Real Estate and LRC PropertiesminorEmerald Creek Capital provided a $22.7 million loan to a joint venture between Alpaca Real Estate and LRC Properties for the acquisition of a mixed-use industrial site in Smyrna, TN.
- Chatham Development CompanyminorChatham Development Company, a Hamptons developer, considers Emerald Creek Capital as their 'first choice' lender for deals requiring reliable close, flexible repayment terms and seamless loan operations.
- ECCOF Operating PartnerscoreThe ECC Opportunity Fund invests alongside experienced regional operating partners in value-add, lease-up and repositioning strategies across multifamily, industrial, and self-storage sectors. Current equity investments include properties in Jacksonville FL, Houston TX, Miami FL, Tallahassee FL, Fort Worth TX, and Richmond VA.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Emerald Creek Capital competitors and assessment
Company assessmentDirect peers
- Madison Realty Capital: New York-based private CRE bridge lender that originates and holds short-term, transitional first-mortgage loans on commercial and multifamily properties. ECC is a direct comp: both founders and several MDs (Seidler, Cleaver, Wang) came from Madison, and both target middle-market sponsors nationwide with 1-3 year bridge loans.
- Bridge Investment Group: Vertically integrated real estate investment manager with deep multifamily bridge debt and equity strategies nationwide. Comparable to ECC's combined bridge lending + ECC Opportunity Fund platform across multifamily and industrial value-add/repositioning.
- Cherrywood Mortgage: Private, New York-based direct CRE bridge lender focused on short-term, first-mortgage loans for transitional properties nationwide. Closely comparable to ECC in product (interest-only bridge, no prepayment penalty), geography emphasis, and middle-market sponsor focus.
- Dwight Capital: New York-based private CRE bridge and HUD multifamily lender originating transitional first mortgages nationwide. Highly comparable in loan size ($5M-$50M+), asset-class mix (multifamily, healthcare, hospitality, industrial), and balance-sheet origination model.
- Peek Capital Group: Private, NYC-based CRE bridge and construction lender focused on transitional first mortgages for middle-market sponsors nationwide. Highly comparable to ECC in loan size, geography emphasis, and use of third-party construction-monitoring for development deals.
- Capital Funding Group: Private commercial mortgage banker that arranges financing for multifamily, healthcare, and CRE properties, including bridge and interim loans. Comparable middle-market customer base, asset-class mix, and bridge-product focus.
- RevCap: Private CRE bridge lender targeting transitional first mortgages on multifamily and commercial properties across the U.S. Comparable in scale, product (1-3 year interest-only bridge), and middle-market sponsor focus.
Broad incumbents
- Arbor Realty Trust: Publicly traded REIT (NYSE: ABR) that is a leading originator and servicer of multifamily bridge and other CRE loans, with a much larger balance-sheet lending and loan servicing franchise. Comparable as a direct bridge-lending competitor targeting multifamily and CRE sponsors.
- Anchor Loans: Established private bridge lender (subsidiary of Oaktree-affiliated Invictus) focused on residential transitional and CRE bridge loans, materially larger and broader than ECC. Comparable product mix and short-term, asset-based bridge underwriting approach.
- Greystone & Co. Large private CRE advisory and capital markets firm that, through its lending affiliates, originates bridge and interim financing for multifamily, healthcare, and CRE. A comparable CRE-capital-markets peer at greater scale and broader service-line breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Emerald Creek Capital social profiles
Digital presenceEmerald Creek Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Emerald Creek Capital leadership team
Management profileNumber of profiles
Emerald Creek Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Emerald Creek Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Emerald Creek Capital
What does Emerald Creek Capital do?
Emerald Creek Capital originates and underwrites short-term bridge loans secured by commercial real estate, ranging from $2 million to $75 million with 1–3 year terms, interest-only amortization, up to 65% LTV, and closing times of 1–2 weeks. The firm lends against multifamily, warehouse, retail, industrial, and self-storage collateral for acquisitions, refinancing, value-add repositioning, and cash-out purposes, and complements this lending activity with the ECC Opportunity Fund, an opportunistic equity investment fund that co-invests alongside regional operating partners in value-add, lease-up, and repositioning strategies.
Is Emerald Creek Capital a public or private company?
Emerald Creek Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Emerald Creek Capital founded?
Emerald Creek Capital was founded in 2009. It employs 11 to 50 people.
Where is Emerald Creek Capital based?
Emerald Creek Capital is headquartered in Palm Beach, United States, in the North America region.
How does Emerald Creek Capital make money?
One revenue line is on record: bridge Loan Interest and Fees.
Who are Emerald Creek Capital's main competitors?
Direct peers on record are Madison Realty Capital, Bridge Investment Group, Cherrywood Mortgage, Dwight Capital, Peek Capital Group, Capital Funding Group and RevCap. Broad incumbents are Arbor Realty Trust, Anchor Loans and Greystone & Co..
Does Emerald Creek Capital have an API?
No public API is recorded for Emerald Creek Capital.
What industry is Emerald Creek Capital in?
Emerald Creek Capital's product category is Commercial Real Estate Lending. Its primary akta.pro industry code is FSALADAG, Balance-Sheet / Portfolio CRE Lending, with a secondary code of FSALADAH, Construction & Development (C&D) Lending — Commercial/Multifamily. Its NAICS code is 522292 and its SIC code is 6162.