News: Financial Digest
Posted: June 9, 2017
Emerald Capital, LLC hires Canavan as originator/portfolio manager serving Mass. and N.H.
Emerald Capital, LLC
Boston, MA Emerald Capital, LLC, has hired James Canavan as originator/portfolio manager serving Massachusetts and New Hampshire. Canavan will be responsible for the expansion and oversight of a portfolio of private real estate loans.
“Over the past 12 months, Emerald Capital’s ‘hard money’ lending platform experienced record growth particularly with new home construction and single family flips,” said Michael Chadwick, vice president of real estate & lending for Emerald Capital. “Real estate investors today demand flexible lending partners who truly understand real estate and can close loans quickly; in days - not weeks or months. Canavan’s extensive real estate valuation and construction experience, and intimate knowledge of the Massachusetts and New Hampshire markets, aligns extremely well with Emerald’s growth initiatives.”
Canavan brings three decades of institutional banking industry experience to Emerald Capital where most recently he served as a senior review appraiser at Berkshire Bank after holding the position of managing partner at Stone Castle Mortgage Company.
Throughout his extensive career, Canavan also held the positions with Bank of New England, Butler Bank, Bank of America Mortgage, Bank of New Hampshire, Federal Deposit Insurance Corp (FDIC), and Bank of Boston.
“As a wholly owned affiliate of one of the largest private real estate firms in the U.S., Emerald Capital has institutional-quality depth with an entrepreneurial mindset and a proven ability to provide attractive real estate financing solutions to the markets I’ve directly served over the past 30 years,” said Canavan. “I am very pleased to be a part of this great team and look forward to serving new and existing clients throughout Massachusetts and New Hampshire.”
Canavan will be based in the Greater Boston area.
Emerald Capital is a sophisticated hard?money lending platform that provides highly customizable real estate financing solutions to qualified borrowers in need of fast and reliable funding for commercial and residential real estate projects. Real estate investors, construction companies, home builders and flippers typically borrow from $100,000 up to $2.5 million used for new construction, renovations, flips, subdivisions and other short term financing needs. Emerald Capital specialized in short term, first mortgage loans for all types of real estate in Rhode Island, Massachusetts and New Hampshire.
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