$37MM Retail Property Development|Myrtle Beach, SC

Structured and arranged a cross-collateralized, non-recourse construction loan for the development of a 42,000-square-foot oceanfront parking, retail and entertainment venue connected to the boardwalk in Myrtle Beach, S.C.

Challenges 

Sponsor was seeking non-recourse construction debt on an out-of-favor asset class without a credit anchor tenant. The size of the loan was larger than the legal lending limit of many of the regional banks.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

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