Placed a permanent loan for the acquisition of a stabilized oceanfront vertical entertainment complex in Myrtle Beach, SC.
Challenges
The Anchor tenant had not yet taken possession of their space thereby creating a potential issue for credit underwriting and pricing. Furthermore, the closing could not be pushed out further due to the buyer’s 1031 exchange timing requirements.
Solutions
EyzenCo identified several CMBS lenders willing to aggressively underwrite a vertical retail entertainment complex. The winning bidder provided a 10-year interest-only loan and structured around a tenant not yet in occupancy.
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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