Salem Partners Announces Successful Closing of a $35 Million Horizontal Construction Loan

Salem Partners, LLC (“Salem”) is pleased to announce the closing of a $35 million horizontal construction loan on January 11th, 2024. The loan was structured between Salem’s client, Eisenhower Property Group (“EPG” or the “Company”) and a lending affiliate of two institutional investors (structured between a Los Angeles based real estate private equity investor and one of the largest and most prominent hedge funds in the world).

EPG hired Salem on an exclusive basis to structure, source and close credit financing for the purpose of refinancing existing debt and provide capital for horizontal land development at EPG’s Two Rivers East master planned community in Northeastern Tampa Bay, Florida.