Ralph Wurzburger, Brian Walton & Mark Vinitsky Of Lument Facilitates $24M Freddie Mac Refinance In Jacksonville

The asset involved in this transaction is a multifamily property located in Jacksonville, comprising a total of 320 units. The loan amount secured for this asset was $24,000,000 as part of a refinance transaction structured with a five-year term. This refinance deal allowed for a cash-out option, providing additional proceeds for the client through careful indexing and timing with treasury rates.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• Loan Type: Refinance
• Loan Terms: 5 years
• Lender: Ralph Wurzburger, Brian Walton & Mark Vinitsky - Lument; Freddie Mac
• Units: 320

Key individuals involved in this transaction include Ralph Wurzburger, Brian Walton, and Mark Vinitsky, who represented the lender, Lument, in securing the refinancing. The deal leveraged a strategic index lock that capitalized on a significant dip in treasury rates, enhancing the refinancing outcomes for the client.