Case Study: $19MM Multifamily | Acquisition | Memphis TN
Eyzenberg & Company structured and arranged bridge financing to acquire a 402-unit apartment complex in Memphis, Tennessee.
Though the property enjoyed historically high occupancy revenue had not been optimized by the previous owner. The lending community questioned the feasibility of a high velocity value-add strategy with high in place tenancy.
Eyzenberg & Company awarded the deal to a repeat relationship of the borrower that had recent experience in the local market and a comfort level with the execution ability of the borrower.