Eyzenberg GreenCap funded a C-PACE loan to recapitalize a 170-key luxury resort hotel midst renovation.
Challenges
Client was desired to bring in fresh low-cost capital, to pay for underway property improvements, instead of doing a capital call to existing investors.
Solutions
Eyzenberg GreenCap worked with the Owner of this historic resort to finance energy upgrades and improvements to the property. By fully analyzing the budget and cost timeline, a retroactive C-PACE loan obviated the need for new equity from current ownership. Eyzenberg GreenCap worked expeditiously to accommodate a short time line and a year-end close.
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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