Case Study: $8MM Acquisition | Land | Panama City, FL
Eyzenberg & Company originated a $4.5MM predevelopment loan for the acquisition of land located in Panama City, Florida.
The broader capital markets lack of enthusiasm for high levered land loans outside of primary markets was further muted by the ongoing Covid pandemic. The buyer was pressed to meet all closing conditions due to an expiring TOE purchase contract.
Eyzenberg & Company presented the opportunity to a long-standing relationship who had familiarity with the subject market. Working closely with all parties, the Eyzenberg team was able to coordinate and execute on all closing requirements within the tight deadline and specifics of the sellers.