Eyzenberg & Company structured a $4.5MM Co-GP contribution to develop a market-rate multifamily asset in Panama City, Florida.
Challenges
Recognizing the sponsorship’s need for balance sheet support, credit enhancement, and an impending loan maturity, Eyzenberg & Company advised the client on all aspects of the capital structure. Ultimately it was determined that a Co-GP partner, limited partner, and construction lender would need to be arranged during pre-development.
Solutions
Eyzenberg & Company presented the opportunity to existing clients to serve as the Co-GP, as well as LP equity partners. After a market making process for each component of the capital stack, Eyzenberg & Company secured terms from all prospective parties and the transaction closed within the necessary timeframe.
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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