$25MM Multifamily Recapitalization | Memphis, TN

Eyzenberg & Company structured and arranged ten-year fixed rate debt to retire a bridge loan secured by a 402-unit apartment complex in Memphis, Tennessee.


A quickly escalating interest rate environment was greatly increasing borrowing costs on the floating rate acquisition loan. Though the borrower had cut operating costs they were still early in the value-add program with a lot of additional rental increases not yet realized.

$25MM Multifamily Recapitalization | Memphis, TN


Eyzenberg & Company awarded the deal to a repeat relationship of the borrower that provided aggressive agency terms with several waivers. A high valuation, obtained by providing relevant market data, allowed the borrower to qualify for tier 4 pricing.

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