Structured and arranged a permanent loan to refinance a stabilized portfolio of three multifamily properties in Manhattan, NY
Challenges
The client’s existing fixed rate loan was converting to a significantly higher floating rate. Additionally, the client desired to lock in the longest term possible given the prevalence of historically low rates.
Solutions
Identified a bank willing to provide ten-year fixed-rate financing. Due to the bank’s prior relationship with the Borrower, they were able to move quickly and close on time prior to a reset.
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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