Structured and placed a revolving first mortgage construction loan for the development of a 110-building, 224-unit Build for Rent community located in Lebanon, TN.
Challenges
Client sought flexible construction financing adapted to an innovative development concept using modular housing deployment.
Solutions
Structured a secured, synthetic line of credit within the framework of a traditional construction financing. The hybrid structure allows draws to fund off-site factory production and additional funding upon attachment / hook-up to the real property. Flexible pay-off provisions enable early, partial loan retirement via bridge-to-agency or permanent finance take-outs.
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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