Ralph Wurzburger, Brian Walton & Mark Vinitsky Of Lument Provide $14.9M Refinance For Jacksonville Multifamily

The asset involved in this transaction is a multifamily property located in Jacksonville, consisting of 170 units. The transaction was part of a refinance deal executed with significant funding to take out an existing bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,900,000
• Lender: Ralph Wurzburger, Brian Walton & Mark Vinitsky - Lument
• Loan Type: Refinance
• Loan Terms: 5 years with three years of interest only

This transaction was facilitated by the lender team of Ralph Wurzburger, Brian Walton & Mark Vinitsky, who announced the placement of a conventional Fannie Mae cash-out refinance. The terms of this refinance were structured to offer a competitive rate for the asset's financing needs.