$23MM Entertainment Property Acquisition|Myrtle Beach, SC

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.

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