Summary
Salem Partners, LLC (“Salem”) is pleased to announce the successful closing of a $50 million corporate and construction loan on July 10th, 2022. The loan was structured between Salem’s client, Eisenhower Property Group (“EPG” or the “Company”) and a private credit fund that has a specialty and focus on residential land investing.
EPG hired Salem on an exclusive basis to structure, source and close a bespoke credit financing that gave a lender significant collateral and security, while yielding EPG the proceeds and flexibility it needed to effectively run its business. Proceeds of the loan were used to refinance existing debt and provide capital for horizontal land development across various parcels within the Company’s Two Rivers master planned community in Northeastern Tampa Bay, Florida.
