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
