Emerald Creek Capital

About Emerald Creek Capital

Emerald Creek Capital is a private money lender based in New York, NY providing funding all throughout the country. According to their website, they offer hard money bridge loans, fix and flip loans, hard money refinancing, loans for rental properties, and hard money loans for commercial properties. Their loan parameters are versatile, including rates starting at 7% , terms between 1 year and 3 years, and loan amounts ranging from $1,000,000 to $50,000,000 with a maximum LTV of 65%. They make loans on the following types of properties: single family homes, multi family, apartment buildings, office units, retail units, hotels/motels, storage facilities, assisted living facilities, mixed use buildings, churches, and warehouses.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Church, Warehouse

Areas Served: National

Lending Guidelines for Emerald Creek Capital

Below are the general loan guidelines published on the Emerald Creek Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Emerald Creek Capital.

Loan Example 1

Tyrone finds a townhome in Salt Lake City, UT to flip and resell. Since he does not have enough cash available to buy the $220,000 house outright, he decides to take out a hard money loan from Emerald Creek Capital. The terms of the deal include a 80% loan to value (LTV), so he must bring 20% of the price as cash to closing, making the principle note amount $176,000. The interest rate on the loan is 8% for a length of 18 months and the lender requires a four point origination fee at the closing. The interest is to be paid on a monthly basis and the principle will be paid back after the sale of the property.

In accordance with the parameters of the deal, Tyrone will have to pay a $7,040 origination fee plus 20% of the purchase price, or $44,000, based on the 80% LTV. he will then pay $1,173 per month to Emerald Creek Capital. If Tyrone sells the project for $330,000 after 18 months, he would then realize a gross profit of $81,840 after deducting the original principle of $176,000, the cash paid at the close of $44,000, the origination points of $7,040, and the total interest payments of $21,120. This profit does not include remodeling costs.

Loan Example 2

Sheryl is a real estate investor in Tacoma, WA. She purchases a run-down property for a renovation project and obtains a hard money loan from Emerald Creek Capital with the following features:

$310,000 sales price
85% loan-to-value (LTV)
12 month term
10% interest rate
4% origination fee

Once the renovation project is completed, if Sheryl sells the property for $372,000, the numbers would be the following:

$372,000 sales price
- $263,500 note principle (85% LTV)
- $46,500 down payment (15% on 85% LTV)
- $10,540 origination fee (4% of the $263,500 principle)
- $26,350 total interest paid (12 months x 10% interest)
-----------------------
= $25,110 total profit (does not include taxes or renovation costs)

No Reviews Yet

Emerald Creek Capital currently has no reviews. To add a review now, click the link below:

Write a Review for Emerald Creek Capital