Placed non-recourse fixed rate senior financing for the acquisition of an 84-acre plot of land in Freeport, Florida.
Challenges
Sponsor was seeking an acquisition loan to acquire land slated for a future Build to Rent community. Though the property was well located and fully entitled, rapidly changing market conditions had given multiple lenders pause in funding new land loans.
Solutions
Eyzenberg & Company identified a diversified fund manager experienced in investing across the entire capital stack. With a higher risk tolerance than traditional debt funds the transaction was closed at the requisite proceeds level.
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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