$26MM Build for Rent | Myrtle Beach, SC

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


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’s desire for a high levered non-recourse option disqualified traditional balance sheet lenders as viable options.

$26MM Build for Rent | Myrtle Beach, SC


Eyzenberg & Company identified a lender specializing in the SFR/BTR asset class. The lender was able to fund a high levered non-recourse loan in a timely manner.

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