Elliot Neumann Joins Park Avenue Funding, LLC

PR Log (Press Release) – Jul 12, 2008 – ELLIOT NEUMANN JOINS PARK AVENUE FUNDING, LLC, AS CHIEF OPERATING OFFICER.


New York, NY (June 18, 2008) – Elliot Neumann has been appointed Chief

Operating Officer (COO) for Park Avenue Funding, LLC (PAF), an affiliate of The

Lightstone Group, a national real estate investment company. Working closely with

President and Partner Aryeh L. Friedman, Elliot’s responsibilities include management

of all daily lending and back office operations, as well as oversight of the company’s

investment in distressed debt, collections and work outs.


“We are pleased to welcome Elliot Neumann to our management team,” Mr.

Friedman observed. “His strong work out and debt acquisition skills will help

grow PAF’s position of strength including the purchase of  distressed institutional

debt, and will position our company for future growth.”


Mr. Neumann has spent more than 12 years working in real estate finance and

development.  He is an authority on commercial lending, distressed debt

acquisitions and work outs, as well as real estate acquisition and development.  His

lending and distressed debt specialties were honed at Eastern Savings Bank of

Baltimore, an asset based lender with a strong real estate focus.  Most recently, he

diversified and deepened his real estate industry expertise as Vice President of

Development and Acquisitions for a boutique Manhattan real estate development

firm.  


“PAF is excited about Elliot’s arrival on our management team,” Mr. Friedman added.

“His experience adds value to our company on every level.



About Park Avenue Funding, LLC


Park Avenue Funding, LLC, (PAF) located at 460 Park Avenue in New York City, is a

real estate investment company that employs an opportunistic approach in the

financing of complex real estate transactions.  PAF has developed creative non-

traditional and bridge-financing programs that are made available to real estate

entrepreneurs nationally. PAF and its principals have developed a reputation for

being able to rapidly commit to and close complex transactions. PAF is actively

capitalizing on current market conditions through its diverse lending and investment

capabilities.



CONTACT:
Kim Miller
Park Avenue Funding, LLC
PH: 212.324.0200
FAX: 212.324.0229
kmiller@parkavenuefunding.com
www.parkavenuefunding.com