Eyzenberg & Company arranged construction financing for a new 79-unit Build for Rent community in Panama City Beach, FL.
Challenges
The developer is rapidly growing with an innovative, well-received concept. As they are continuously finding new ways to reduce expenditure, with costs for order fulfillment, raw materials, labor, and overhead in constant flux, there is a need for flexible financing with the ability to adapt to production changes.
Solutions
Eyzenberg & Company tapped an existing lending relationship that was already familiar with the borrower’s business model and willing to structure a custom-tailored solution. The non-recourse high-levered construction loans provided the proceeds level necessary for the developer to effectuate his business plan.
Gary Melman joined Eyzenberg & Company in 2024 and is responsible for
originating, structuring, and placing debt and equity capital for commercial real estate
transactions throughout the U.S.
Gary is a seasoned commercial real estate finance and investment manager with
substantial institutional experience in capital markets, financing, acquisitions, and
asset management across various asset classes during his prior roles at J.P.
Morgan, TIAA-CREF, American Realty Advisors, and PCCP.
Prior to joining Eyzenberg & Company, Gary was responsible for capital markets at
Intracorp Homes, originating and placing capital for Intracorp’s multi-family,
townhome, and condominium ground up development projects on the West Coast.
Gary received an MBA in Finance from NYU Stern School of Business, a BBA in
Finance from Pace University, and is a licensed real estate broker in California.
gmelman@eyzenberg.com
D: (305) 995-0777 ext.729
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