Eyzenberg & Company originated and placed a permanent loan to recapitalize an existing single tenant retail asset occupied by a restaurant tenant in Hollywood, Florida.
Challenges
The global pandemic had major negative implications for retail properties. Many lenders were shying away from single tenant retail due to its concentrated risk for potential vacancy and revenue loss.
Solutions
Eyzenberg & company identified a local bank willing to advance proceeds based on the value of the asset, experienced sponsorship, and strong tenant performance. The lender’s familiarity with the market and strong location allowed it to get comfortable with the sustainability of the tenancy.
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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