$32MM Build for Rent Development | Panama City, FL

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.

$32MM Build for Rent Development | Panama City, FL

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.

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