Structured and arranged long-term, fixed-rate senior debt to recapitalize a single-tenant, 7,000-square-foot retail co-op in Manhattan’s Soho neighborhood.
Challenges
Co-op financing is especially difficult given the ownership structure of real estate and the limited number of lenders for these types of transactions.
Solutions
Identified a new entrant to the New York market looking to establish a name for itself. The lender was able to get comfortable with the location and with the financials of both the co-op and the borrower.
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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