Case Study: $10MM Mortgage | Recapitalization | New York, New Jersey, and Delaware

Eyzenberg & Company structured and arranged a credit facility for a newly formed debt fund originating fix and flip loans to single family home investors. The purpose of the facility was to warehouse the notes on a line and provide additional liquidity and lending capacity to the fund.

Challenges

With a limited pool of capital providers focused on providing warehouse lines and the newly formed nature of the fund made it difficult to obtain a dedicated credit facility. Further, the existing providers tend to focus on larger facilities with more concentrated advance tranches.

Solutions

Eyzenberg & Company identified a regional bank with a newly formed lender finance platform that was comfortable providing smaller facility sizes and understood the nature of the client’s borrowing base.