$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.


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.

$17MM Multifamily Acquisition | Charleston, SC


Eyzenberg & Company approached a targeted group of lenders ultimately awarding the opportunity to a fund manager willing to provide fixed rate financing and recent market experience.

Though the drop in vacancy threw off multiple financing metrics, Eyzenberg & Company worked with the lender to structure contingent reserve accounts to maintain a similar level of proceeds on a renegotiated sales price.

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