$9.3MM Land Recapitalization | Jupiter, FL

Eyzenberg & Company arranged a $9.3MM pre-development loan to carry a luxury for-sale townhome site to a construction loan closing on the water in Jupiter, FL.

The Sponsor was seeking to take out an existing bridge loan that was used to acquire the site and was reaching maturity. The Sponsor had not reached the level of pre-sales needed to secure the construction financing, necessitating a bridge loan to carry the project to shovel ready. Bridge to bridge execution is extremely challenging from a financing perspective because the new lender questions the viability of the project.

Eyzenberg & Company successfully arranged a bridge and horizontal construction financing to carry the project to a construction financing. The non-recourse financing allowed for the pay down of the existing financing, pre-development work, marketing, and horizontal construction.

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Seth Shumer




D: (305) 995-0777 ext .306
C: (305) 360-9625 

Alexei Muniak


Mr. Muniak joined Eyzenberg & Company in 2022 to focus on debt and equity originations in his newly adopted home of South Florida.

Mr. Muniak is Co-Founder and Managing Partner at Makal Equities, a real estate investment firm specializing in multifamily, industrial and retail property in Southern California and New York. He invested, sourced, and underwrote all commercial development and investment opportunities during this time. Furthermore, Mr. Muniak’s previous position as Managing Director at a Family Office in New York allowed him to develop his skills as he increasingly became involved in all aspects of fundraising and deploying the fund’s investment mandate. In his career to date he has invested, sourced, and underwrote commercial development and investment contracts, exceeding 100 million dollars.

Furthermore, Mr. Muniak is a Board Member and shareholder of the Mangia Hospitality Group in New York, where he oversees all aspects of fundraising, including the Group’s investment mandates. As a strategic dealmaker, Mr. Muniak is responsible for retail acquisitions & new developments and acts as a liaison with City and State Government bureaus. Due to his established reputation as a key player in the real estate and hospitality industry, Mr. Muniak has managed to build a wide portfolio of bicoastal projects and has worked closely with top developers, entrepreneurs, and restaurateurs nationwide.

Originally from New York City, Mr. Muniak graduated from Johnson & Wales University in Rhode Island, and completed his graduate Business certificate in Sydney, Australia. He is a long-time martial artist and a philanthropist.



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