Why Eyzenber GreenCap
Eyzenberg GreenCap is a partnership between Eyzenberg & Company (“Eyzenberg”) and Greenworks Lending (“Greenworks”) uniquely dedicated to funding commercial real estate transactions through C-PACE.
Commercial Property Assessed Clean Energy (“C-PACE”) is an innovative financing mechanism of low-cost, long-term non-recourse capital for new construction or gut rehabs of commercial real estate. C-PACE is used to finance 100% of eligible hard and soft costs for a project (approximately 20-25% of total development budget) and secured by a special assessment against the property. Repayment of the assessment financing is done via the building owner’s property tax bill with payments due concurrent with ordinary property tax payments.
Eyzenberg GreenCap is a partnership between Eyzenberg & Company (“Eyzenberg”) and Greenworks Lending (“Greenworks”) uniquely dedicated to funding commercial real estate transactions through C-PACE.
Greenworks is the largest C-PACE capital provider having funded the most projects in the country. Its founders launched and lead the first successful C-PACE program and have since closed over 250 projects across 15 states.
Eyzenberg is the market leader for “full spectrum” innovative capital solutions for CRE projects in the US. As a member firm of the Real Estate Capital Alliance ($14B capital placement since 2018) we are uniquely positioned to obtain all requisite lender consents as well as structure and arrange all other monies necessary to fully capitalize your project in tandem with C-PACE.
Greenworks has set-up and advised on the structure of over a dozen state programs including the very first one in CT. Due to the varied nuances of individual programs at the local level, leading edge and experienced polity expertise is a necessity to get C-PACE deals processed and closed.
Eyzenberg GreenCap accesses the direct balance sheet of a top financial institution. With permanent capital and multiple funding outlets Eyzenberg GreenCap has the markets lowest cost of capital for C-PACE financing.
A national lender, Eyzenberg GreenCap provides C-PACE financing in 31 States and the District of Columbia. States include: AK, CA, CO, CT, DE, FL, HI, IL, KY, MA, MD, ME, MI, MN, MO, MT, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI & D.C.
sschumer@Eyzenberg.com
D: (305) 995-0777 ext .306
C: (305) 360-9625
Mr. Muniak joined Eyzenberg & Company in 2022 to focus on debt and equity originations in his newly adopted home of South Florida.
Mr. Muniak is Co-Founder and Managing Partner at Makal Equities, a real estate investment firm specializing in multifamily, industrial and retail property in Southern California and New York. He invested, sourced, and underwrote all commercial development and investment opportunities during this time. Furthermore, Mr. Muniak’s previous position as Managing Director at a Family Office in New York allowed him to develop his skills as he increasingly became involved in all aspects of fundraising and deploying the fund’s investment mandate. In his career to date he has invested, sourced, and underwrote commercial development and investment contracts, exceeding 100 million dollars.
Furthermore, Mr. Muniak is a Board Member and shareholder of the Mangia Hospitality Group in New York, where he oversees all aspects of fundraising, including the Group’s investment mandates. As a strategic dealmaker, Mr. Muniak is responsible for retail acquisitions & new developments and acts as a liaison with City and State Government bureaus. Due to his established reputation as a key player in the real estate and hospitality industry, Mr. Muniak has managed to build a wide portfolio of bicoastal projects and has worked closely with top developers, entrepreneurs, and restaurateurs nationwide.
Originally from New York City, Mr. Muniak graduated from Johnson & Wales University in Rhode Island, and completed his graduate Business certificate in Sydney, Australia. He is a long-time martial artist and a philanthropist.
amuniak@eyzenberg.com
D: (305) 995-0777 ext. 309
C: (917) 536-1057