$40MM Entertainment Retail Property & Parking Lot|Recapitalization- Myrtle Beach, SC

Structured and arranged a cross-collateralized bridge loan to recapitalize a newly built 42,000-square-foot oceanfront retail entertainment complex and 218-space parking lot in Myrtle Beach, S.C.

Challenges

The client was seeking to repatriate capital while retiring its current construction loan upon obtaining a certificate of occupancy. The asset was not yet fully leased, and a significant portion of the underwritten cash flow was attributed to future parking income.

 

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