Eyzenberg Arranges $22.6 Million Construction Loan for Retail Complex in Coastal South Carolina

The three-story, oceanfront complex in Myrtle Beach, South Carolina, will include a live entertainment venue, restaurants and retail space. The three-story, oceanfront complex in Myrtle Beach, South Carolina, will include a live entertainment venue, restaurants and retail space.

Myrtle Beach, S.C. — Eyzenberg & Co. has arranged a $22.6 million construction loan for the development of a 42,000-square-foot retail project in Myrtle Beach.

The three-story, oceanfront complex will include a live entertainment venue, restaurants and retail space. David Eyzenberg and Ao Sun of Eyzenberg & Co. arranged the non-recourse financing at 60 percent loan-to-cost through Gamma Real Estate. Tin Roof, a restaurant/entertainment operator, will occupy the third floor of the building with a 10,000-square-foot flagship location. The rooftop will include a covered, air-conditioned restaurant space, as well as an open-air terrace. Signed tenants on the ground floor include BurgerFi and General Store. Florida-based restaurant Papa’s Raw Bar is slated to take space on the first and second floors. The development is scheduled to open in April 2018.

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