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$27MM Data Center Acquisition | SC

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Structured and arranged a high-leverage bridge loan to acquire and renovate a 160,000-square-foot data center.

Challenges 

The real estate component was only a portion of the total project budget. The borrower plans to reposition the industrial property to accommodate multiple modular units with the most advanced data center software and cooling technology. Though there was some pre-leasing in place, most leasing would occur upon completion. Bridge loans at the requested leverage point are uncommon, especially for relatively new, venture-backed companies.

Solutions

Identified multiple options via a comprehensive marketing process, awarding the deal to a national lender that had extensive data and internet investments activity via affiliated entities. The private lender not only understood data centers but would also be able to underwrite borrower’s additional capital needs to cover leasing, improvements and scalability. Structured a carry and interest reserve, providing efficiencies and allowing for a non-recourse execution.

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Seth Shumer

MANAGING DIRECTOR

Email

sschumer@Eyzenberg.com

D: (305) 995-0777 ext .306
C: (305) 360-9625 

Alexei Muniak

ORIGINATOR

Mr. Muniak joined Eyzenberg & Company in 2022 to focus on debt and equity originations in his newly adopted home of South Florida.

Mr. Muniak is Co-Founder and Managing Partner at Makal Equities, a real estate investment firm specializing in multifamily, industrial and retail property in Southern California and New York. He invested, sourced, and underwrote all commercial development and investment opportunities during this time. Furthermore, Mr. Muniak’s previous position as Managing Director at a Family Office in New York allowed him to develop his skills as he increasingly became involved in all aspects of fundraising and deploying the fund’s investment mandate. In his career to date he has invested, sourced, and underwrote commercial development and investment contracts, exceeding 100 million dollars.

Furthermore, Mr. Muniak is a Board Member and shareholder of the Mangia Hospitality Group in New York, where he oversees all aspects of fundraising, including the Group’s investment mandates. As a strategic dealmaker, Mr. Muniak is responsible for retail acquisitions & new developments and acts as a liaison with City and State Government bureaus. Due to his established reputation as a key player in the real estate and hospitality industry, Mr. Muniak has managed to build a wide portfolio of bicoastal projects and has worked closely with top developers, entrepreneurs, and restaurateurs nationwide.

Originally from New York City, Mr. Muniak graduated from Johnson & Wales University in Rhode Island, and completed his graduate Business certificate in Sydney, Australia. He is a long-time martial artist and a philanthropist.

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057