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.
Solutions
Eyzenberg & Company identified a CMBS lender willing to underwrite the strong financials of the private tenant as well as agreement to recognize the lease language that functioned as a shifting mechanism for roof maintenance responsibility.
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
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