Mark Penna
Managing Partner
Emerald Creek Capital
Person Activity past 24 months:
Buyer signatory: 1 for $49.5 million
Seller signatory: 3 for $43.2 million
Lender signatory: 2 for $14 million
Top Ten Associated Companies:
Highline Communities (1), Yongyut Limleartvate (1), H.I.G. Capital (1), Isaac Schwartz (1), Hudson Companies (1), Certes Partners (1), Joginder Sharma (1), Howard Ng (1), Chung Ng (1), Hung Kwong Leung (1)
Top Ten Associated People:
Maksim Echuz (1), Yongyut Limleartvate (1), Ira Weidhorn (1), Isaac Schwartz (1), David Kramer (1), Sunder Jambunathan (1), Joginder Sharma (1), Howard Ng (1), Kevin J. Nash (1), David Khaloyan (1)
Recent activity as signatory:
• Emerald Creek Capital sold 121 8 Avenue for $4.2 million to Charles Quimby on July 29, 2026.
• The borrower borrowed $4.5 million from Flushing Bank for None on July 10, 2026.
• Emerald Creek Capital sold 141 Bowery for $36 million to Aronov Development on June 22, 2026.
• CRE8 Equities borrowed $5.5 million from Hanmi Bank for 180 Avenue Of The Amer, SoHo, Manhattan on May 26, 2026.
• Rybak Development borrowed $48.1 million from Derby Copeland Capital for 133 East 55 Street on May 22, 2026.
• Hung Kwong Leung sold 141 Bowery for $49.5 million to Emerald Creek Capital on May 21, 2026.
• Howard Ng and Chung Ng borrowed $6.7 million from Goldman Sachs for 270 Manhattan Avenue on April 21, 2026.
• Emerald Creek Capital sold None for $3 million to Eden Ashourzadeh and Alon Ashourzadeh on February 26, 2026.
• ZHL Group borrowed $70 million from Maxim Capital Group for None on January 30, 2026.
• DAX Real Estate borrowed $11.6 million from Trevian Capital for 260 Banker Street on January 30, 2026.
• Excel Development Group borrowed $13.7 million from Netanel Group for 339 East 33 Street on December 23, 2025.
• Tegern Capital borrowed $12.8 million from Kriss Capital for 419 Smith Street on December 12, 2025.
• Balanced Living Development borrowed $8.3 million from Emerald Creek Capital for 12-16 30 Avenue on September 03, 2025.
• Khaloyan Kapital borrowed $5.7 million from Emerald Creek Capital for 1134 1 Avenue on March 28, 2025.
• Kenneth A. Grossman borrowed $6 million from Greystone & Co. for 3116 Clarendon Road on December 05, 2024.
• Tahari Capital borrowed $6.4 million from First Bank for 6 Avenue B on September 26, 2024.
• Rybak Development borrowed $52 million from Emerald Creek Capital for 133 East 55 Street on August 07, 2024.
• Joginder Sharma borrowed $12 million from State Bank of Texas for 767 8 Avenue on August 05, 2024.
• Hudson Companies borrowed $21.8 million from Emerald Creek Capital for 425 Main Street, 425 Main Street, 455 Main Street, 455 Main Street, 425 Main Street, and others, Roosevelt Island, Manhattan on May 10, 2024.
• Ofer Joe Levy borrowed $8 million from Newtek Bank for 2649 East 14 Street on May 09, 2024.
Latest Stories:
• Zeorya Gritsay pays $6M for office in Bay Ridge (July 31, 2026)
• Aronov Development pays $36M for LES office in REO sale (June 30, 2026)
• CRE8 Equities signs $5.5M refi with Citibank for retail in SoHo (June 12, 2026)
• Lender Emerald Creek Capital takes title to LES office, following $32M bankruptcy (June 05, 2026)