Case Study: $59.5MM Multifamily | Co-GP | Panama City, FL

Eyzenberg & Company structured a $4.5MM Co-GP contribution to develop a market-rate multifamily asset in Panama City, Florida.  

Challenges

Recognizing the sponsorship’s need for balance sheet support, credit enhancement, and an impending loan maturity, Eyzenberg & Company advised the client on all aspects of the capital structure. Ultimately it was determined that a Co-GP partner, limited partner, and construction lender would need to be arranged during pre-development.

Solutions

Eyzenberg & Company presented the opportunity to existing clients to serve as the Co-GP, as well as LP equity partners. After a market making process for each component of the capital stack, Eyzenberg & Company secured terms from all prospective parties and the transaction closed within the necessary timeframe.