$26MM Single Family Rental Development|Myrtle Beach, SC

Structured and placed a first mortgage construction loan to build an 84-Unit Built-to-Rent Community 

Challenges

The Sponsor planned to construct a second built-for-rent community within the limits of a golf course in SC. While most of the surrounding properties are short-term rentals and hotels, the sponsor felt comfortable expanding his portfolio given an increased demand for long-term single family rental properties. The client desire for a high levered non-recourse option disqualified traditional balance sheet lenders as viable options.

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