Structured and arranged a cross-collateralized fixed-rate bridge loan to fund predevelopment costs on two land parcels intended for an industrial distribution center and single-family homes in Austin and Kyle, TX.
Challenges
Client acquired the land in two separate, all-cash transactions and wanted to finance pre-development costs bast on current market value. The financing market was challenging for product type, especially without a confirmed timeline for payoff.
Solutions
Identified a lender who had local presence and was familiar with the locations. Provided strong market data supporting the projects’ potential for future uses, pointing to recent Amazon and Tesla announcements. The client demonstrated a strong balance sheet as well as progress with the proposed projects, making the lender comfortable with the leverage to fund the pre-development request.
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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