$17MM Multifamily Acquisition | Charleston, SC

Structured and arranged a non-recourse fixed rate loan for the acquisition of an 80-unit multifamily property in Charleston, South Carolina.

Challenges

Sponsor was seeking a non-recourse acquisition loan to hedge against rapidly escalating interest rates.  Though the property was 97% leased at contract signing its occupancy dropped during due diligence due to a lackluster leasing initiative.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057