Eyzenberg & Company structured and placed permanent financing on this recently completed Build for Rent housing project. Financing included allocations for lease-up and stabilization to achieve full value.
Challenges
The capital markets have not yet fully adapted to underwriting single-family rentals as they have multifamily. Furthermore, permanent financing willing to accommodate vacancies during lease-up completion is challenging to find.
Solutions
Eyzenberg & Company structured a permanent financing solution that recognized the full value of the property while accommodating marketing & rent-roll finalization.
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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