Eyzenberg & Company structured and placed a fixed-rate 5-year term loan to refinance a $50MM retail center in Miami, Florida.
Challenges
With an expiring loan in an anticipated soon-to-be declining interest rate environment the sponsor was reticent to refinance into a long-term fixed-rate option. The Borrowers legal status and unwillingness to bring new deposits to initiate a banking relationship, lack of a grocery anchor and near-term major tenant roll made flexible non-recourse term financing a challenge to obtain.
