CAPITAL STRUCTURE: Bridge Loan
Check size: $20M – $150M ($40 – $80MM sweet spot)
LTC: Target debt yield of 9% shakes out at 65 – 70% LTC
Rate: SOFR + 180 bps +/-
Term: Typically 3 – 4 years
Use: Lease-up (at CofO permissible) or acquisition & rehab value add
Property type: Multifamily, Build For Rent, Manufactured Housing, Student Housing
Geography: Northeast & Mid-Atlantic markets
Gary Melman joined Eyzenberg & Company in 2024 and is responsible for
originating, structuring, and placing debt and equity capital for commercial real estate
transactions throughout the U.S.
Gary is a seasoned commercial real estate finance and investment manager with
substantial institutional experience in capital markets, financing, acquisitions, and
asset management across various asset classes during his prior roles at J.P.
Morgan, TIAA-CREF, American Realty Advisors, and PCCP.
Prior to joining Eyzenberg & Company, Gary was responsible for capital markets at
Intracorp Homes, originating and placing capital for Intracorp’s multi-family,
townhome, and condominium ground up development projects on the West Coast.
Gary received an MBA in Finance from NYU Stern School of Business, a BBA in
Finance from Pace University, and is a licensed real estate broker in California.
gmelman@eyzenberg.com
D: (305) 995-0777 ext.729
Thank you. Your newsletter subscription has been confirmed. You've been added to our list and will hear from us soon.
