Reynolds Asset Management Refinances Vibe Apartment Complex In Bound Brook For $6.7M

Reynolds Asset Management has successfully refinanced its Vibe apartment complex in Bound Brook with a Fannie Mae loan of over $6.7 million. The apartment complex, located at 17-19 West Main Street, consists of 28 units. It offers a mix of one-bedroom and two-bedroom apartments with modern finishes and direct access to New York City via the Bound Brook Train Station.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,700,000
• Units: 28
• Lender: Walker & Dunlop - Allan Edelson
• Landlord: Reynolds Asset Management - Lou Reynolds
• Loan Type: Refinance
• Loan Terms: 10-year, full-term interest-only payment

Allan Edelson from Walker & Dunlop served as the lender's representative in the deal. Lou Reynolds, representing Reynolds Asset Management, acted as the landlord's representative. This refinancing has provided long-term stability and favorable terms for the Vibe apartment complex.