$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.

$8MM Land Acquisition | Freeport, FL

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.

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