Case Study: $32MM Single-Family Rental | Development | Panama City, FL
Eyzenberg & Company arranged construction financing for a new 79-unit Single-Family Rental-style community in Panama City Beach, FL.
The developer is rapidly growing with an innovative, well-received concept. As they are continuously finding new ways to reduce expenditure, with costs for order-fulfillment, raw materials, labor, and overhead in constant flux, there is need for flexible financing with the ability to adapt to production changes.
Eyzenberg & Company tapped an existing lending relationship that was already familiar with the borrower's business model and willing to structure a custom-tailored solution. The non-recourse high-levered construction loans provided the proceeds level necessary for the developer to effectuate his business plan.