Case Study: $5.6MM Acquisition | Land | Pensacola, FL
Structured and arranged a high-leverage bridge loan to fund the land acquisition and predevelopment for a waterfront multi-family development in Pensacola, FL.
Client had a purchase and sale agreement facing expiration within 30 days. Additionally, client was seeking 90% loan to cost with limited timeline for a formal due diligence period. Furthermore, heavy prior deal costs had temporarily hampered Client’s ability to provide the necessary balance sheet support to borrow at the desired leverage.
Eyzenberg & Company presented the opportunity to a long-standing relationship who had familiarity with the subject market. Working closely with all parties, the Eyzenberg team was able to coordinate and execute on all closing requirements within the tight deadline and specifics of the sellers.