$8MM Land Acquisition | Freeport, FL

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.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057