Renovo Financial Provides $8,259,000 Construction Loan For Multifamily Development In Edgewater

The asset involved in the transaction is a multifamily property located in Edgewater. The loan amount secured for this asset is $8,259,000, which is designated for construction purposes with a term of 30 months, interest only.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,259,000
• Lender: Renovo Financial
• Loan Brokers: Gershon Friedman - Meridian Capital Group
• Real Estate Broker: Matthew Fritzshall - Triton Realty Group
• Loan Type: Construction
• Loan Terms: 30 months interest only

Gershon Friedman from Meridian Capital Group represents the loan brokers in this transaction, ensuring the loan process aligns with the interests of the parties involved. Matthew Fritzshall from Triton Realty Group serves as the real estate broker for this multifamily deal, providing his expertise in managing the transactional aspects of the property.