Structured and arranged a high-leverage, short-term bridge loan to refinance an 11-unit, multifamily property in Boston, Massachusetts.
Challenges
The client had a short timeframe to close and a need for a flexible prepayment option on a low cash-flowing asset. Additionally, the properties high value relative to in-place cash flow made it difficult to achieve significant leverage.
Solutions
Identified a lender who was familiar with the market, able to capitalize an interest reserve account and willing to fund without a prepayment lockout period. The transaction was closed in under two weeks.
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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