Eyzenberg & Company structured and arranged a credit facility for a newly formed debt fund originating fix and flip loans to single family home investors. The purpose of the facility was to warehouse the notes on a line and provide additional liquidity and lending capacity to the fund.
Challenges
With a limited pool of capital providers focused on providing warehouse lines and the newly formed nature of the fund made it difficult to obtain a dedicated credit facility. Further, the existing providers tend to focus on larger facilities with more concentrated advance tranches.
