$5.6MM Land Acquisition|Pensacola, FL

Structured and arranged a high-leverage bridge loan to fund the land acquisition and predevelopment for a waterfront multi-family development in Pensacola, FL.

Challenges

Client had a purchase and sale agreement facing expiration within 30 days. Additionally, client was seeking 90% loan to cost with limited timeline for a formal due diligence period. Furthermore, heavy prior deal costs had temporarily hampered Client’s ability to provide the necessary balance sheet support to borrow at the desired leverage.

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