$30.5MM Multifamily Recapitalization | Baton Rouge, LA

Arranged a fixed-rate permanent loan to recapitalize a newly built 224-unit apartment complex in Baton Rouge, LA.


Client was seeking to retire a high-levered bridge and mezzanine loan combination with near-term expiration. Timing was critical since the newly constructed property was still in lease up and the loan would only fund upon a set occupancy hurdle. Since the property was not yet fully seasoned, there was some ambiguity in underwriting normal run-rate expenses.


Eyzenberg & Company identified a lender willing to provide 75% LTV for a tertiary market property. Secured an early rate lock to mitigate interest rate volatility – while delaying closing – to enable the property to achieve required occupancy and avoid a prepayment penalty on the existing capital stack.

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Seth Shumer




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

Alexei Muniak


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.



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