$35MM Hotel Recapitalization | Miami, FL

Eyzenberg & Company structured and arranged a bridge loan for a boutique hotel located in Miami Beach’s exclusive South of Fifth neighborhood. The financing replaced the existing loan and provided runway for a comprehensive repositioning, including rebranding, management transition, and upgraded food and beverage offerings.

Challenges

The transaction required navigating structural complexity tied to a foreign ownership group operating through a U.S.-based corporate entity. At the same time, shifting lender appetite made high-leverage hospitality financing increasingly difficult to secure. The deal required a capital partner that could recognize the property’s prime micro-location, support its repositioning timeline, and accommodate a non-traditional borrower structure.

Solutions

Eyzenberg & Company ran a targeted capital markets process to identify a lender with the flexibility to finance both the borrower’s structure and the repositioning plan. The bridge loan recapitalized the property, eliminated pressure from the existing facility, and provided the financial flexibility to execute the sponsor’s vision. The structure positioned the hotel to capture higher ADRs, drive occupancy gains, and strengthen long-term competitiveness in the South Beach market.

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Gary Melman

MANAGING DIRECTOR

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.

Email

gmelman@eyzenberg.com

D: (305) 995-0777 ext.729

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