$59MM Multifamily Development | Panama City, FL

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.

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Seth Shumer

MANAGING DIRECTOR

Email

sschumer@Eyzenberg.com

D: (305) 995-0777 ext .306
C: (305) 360-9625 

Aryeh Friedman

MANAGING DIRECTOR

Email

afriedman@eyzenberg.com

D:(212) 519-1140 ext. 101
C: (203) 858-3960