eyzenberg.com

What It Is

Eyzenberg & Company is a U.S. commercial real estate capital advisory firm positioned as a provider of “full capital stack solutions,” covering existing, transitional, and ground-up commercial real estate projects. It is not a payment acquiring, wallet, or cross-border payment platform, but rather a financing arrangement and structuring advisor in the real estate finance sector, centered on ground leases, C-PACE, debt, mezzanine, preferred equity, and joint-venture equity.

Core Capabilities

Based on the available text, the company offers a fairly comprehensive range of services: arranging senior debt, land loans, construction loans, permanent loans, bridge loans, mezzanine loans, preferred equity, JV equity, Co-GP structures, debt restructuring, and ground lease advisory. In terms of C-PACE, Eyzenberg GreenCap provides financing related to energy-efficiency and resilience upgrades for commercial real estate, with amounts ranging from USD 1 million to over USD 150 million and terms of up to 30 years. Geographically, it primarily serves the U.S. market, with C-PACE coverage disclosed across multiple states and Washington, D.C. The company is also a member of RECA, allowing it to share capital source databases and market feedback.

Pricing and Parameters

The company does not disclose advisory fees or success fees. It does provide more detail on financing parameters: ground lease capital is approximately 20%-35%+ of total property value, with pricing around a 3.65%-5% cap rate; C-PACE is priced based on the 10-year U.S. Treasury plus a market spread; mezzanine and preferred equity returns can range from mid-single digits to double digits depending on the risk tier. The C-PACE process takes about 5-8 weeks to complete.

Pros and Cons

The advantages are its professional product structuring and broad coverage of capital sources, making it suitable for optimizing the full capital stack of complex real estate projects. It also provides thorough explanations of non-traditional financing tools such as ground leases and C-PACE. The drawbacks are limited information on its own fees, company licensing, and investor protection; no visible online or API capabilities; and limited usefulness for Chinese or cross-border users.

Who It’s For and Access from China

It is better suited to U.S. commercial real estate developers, owners, funds, and project sponsors seeking financing for development, acquisitions, refinancing, restructuring, or green retrofit projects. The text does not provide information on access from China, so this is considered unknown.