$8MM Land Acquisition|Panama City, FL

Eyzenberg & Company originated a $4.5MM predevelopment loan for the acquisition of land located in Panama City, Florida. 

Challenges

The broader capital markets lack of enthusiasm for high levered land loans outside of primary markets was further muted by the ongoing Covid pandemic. The buyer was pressed to meet all closing conditions due to an expiring TOE purchase contract.

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