Eyzenberg & Company arranged a fixed rate non-recourse loan for the acquisition of a single tenant three building industrial portfolio in Terre Haute, Indiana
Challenges
The Sponsor was seeking max leverage to acquire a three-property portfolio leased to a single non-credit tenant. Furthermore, two of the buildings were over 80 years old with various deferred maintenance items. A high ongoing reserve requirement would have made the deal not feasible from a cash flow standpoint.
