![$33.3MM Build for Rent Recapitalization | Myrtle Beach, SC](https://i0.wp.com/eyzenberg.com/wp-content/uploads/2024/04/Moorland.jpg?fit=1611%2C1080&ssl=1)
$33.3MM Build for Rent Recapitalization | Myrtle Beach, SC
Eyzenberg & Company arranged a senior secured bridge loan to recapitalize a mid-lease up 82 unit Build for Rent community in Myrtle Beach, SC Challenges The Sponsor was seeking to recapitalize the property to cover a higher than expected interest reserve requirement for the senior construction loan due to increases in SOFR. Furthermore, any extension