Emerald Creek Capital signs $110 million revolving line of credit

By William Gullotti

Buffalo, N.Y., Oct. 4 – Emerald Creek Capital entered into a $110 million revolving line of credit provided by M&T Bank, BankUnited and Webster Bank, according to a press release on Wednesday.

The line of credit is secured by commercial real estate senior mortgages and includes an option to be increased to $150 million, at the lenders’ discretion.

Proceeds are intended to fund growth.

Relevant details, such as tenor and interest rate, were not disclosed in the press release.

Emerald Creek is a New York-based commercial bridge lender.

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