Reynolds Asset Management Secures $28.5M Refinancing Loan For Mural Multifamily In Orange

The Mural multifamily apartment complex in Orange has recently closed a refinancing loan of $28.5 million. The loan was secured by Reynolds Asset Management, providing flexibility for lease-up and permanent financing upon stabilization. Located in Orange's Valley Arts District, the complex offers modern amenities such as a covered parking garage, rooftop lounge, fitness facility, and resident lounge.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,500,000
• Address: 606 Freeman Street
• Market: Orange

The key individuals and companies involved in the deal include:

• Lender: Ross Brunello from Greystone Monticello
• Landlord: Lou Reynolds from Reynolds Asset Management
• Brokers: Matthew Pizzolato, Max Custer, Salvatore Buzzerio, and Thomas E. Didio Jr from JLL

Overall, the refinancing loan for the Mural multifamily apartment complex in Orange will provide the necessary flexibility for lease-up and future permanent financing while offering modern amenities for residents.