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606 Freeman Street
FINANCED

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

606 Freeman Street

MultiFamily
clock iconFinanced 113 days ago
Salvatore Buzzerio
Max Custer
Thomas E. Didio, Jr
+ 2
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Summary

Loan
NEW JERSEY
MultiFamily

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:

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.

Players

  • All

    6

  • Agents

    4

  • Agencies

    1

  • Lenders

    1

Salvatore Buzzerio's profile picture
Salvatore Buzzerio
JLL-image
Analyst
$159.5M Sold
Max Custer's profile picture
Thomas E. Didio, Jr's profile picture
Matthew Pizzolato's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Ross Brunello, Lou Reynolds, Matthew Pizzolato, Max Custer, Salvatore Buzzerio & Thomas E. Didio Jr DATE: 02/01/2024 ADDRESS: 606 Freeman Street MARKET: Orange ASSET TYPE: Multifamily LENDER: Ross Brunello (@RossBrunello) - Greystone Monticello (@Greystonecref) LANDLORD: Lou Reynolds - Reynolds Asset Management BROKERS: Matthew Pizzolato, Max Custer (@GeneralCusta), Salvatore Buzzerio (@SalBuzzerio) & Thomas E. Didio Jr - JLL (@JLL) LOAN AMOUNT: $28,500,000 LOAN TYPE: Refinance NOTE: Paramus-based Reynolds Asset Management closed a $28.5 million refinancing loan for the Mural multifamily apartment complex in Orange, providing flexibility for lease-up and permanent financing upon stabilization. Located in Orange's Valley Arts District, the complex features modern amenities including a covered parking garage, rooftop lounge, fitness facility, and resident lounge.

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Address606 Freeman Street

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