Reynolds Asset Management Secures $19.5M Loan To Refinance Violet Estates, Poughkeepsie | 35 Violet Avenue | Allan Edelson | Single Family | Loan

Summary

Loan

NEW YORK

Single Family

Located at 35 Violet Avenue in Poughkeepsie, New York, Violet Estates is a Single Family property. Lou Reynolds of Reynolds Asset Management secured a $19.5 million loan to refinance the active-adult living community, designed to cater to individuals aged 55 and older, addressing the local housing shortage in the area.

Summary of transaction details:

Property Type: Single Family
Transaction Amount: $19,500,000
Landlord: Lou Reynolds - Reynolds Asset Management
Broker: Allan Edelson - Walker & Dunlop
Market: Poughkeepsie

Allan Edelson of Walker & Dunlop represented the deal as the broker for Lou Reynolds in securing the loan for Violet Estates in Poughkeepsie.

Players

All
2

Agents
1
Agencies
1

Allan Edelson

Senior Managing Director

$23M Sold

Walker & Dunlop

Details

Deal Summary

FINANCED

IMAGE: Lou Reynolds & Allan Edelson DATE: 05/02/2024 ADDRESS: 35 Violet Avenue MARKET: Poughkeepsie ASSET TYPE: Single Family LANDLORD: Lou Reynolds - Reynolds Asset Management BROKER: Allan Edelson - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $19,500,000 NOTE: Reynolds Asset Management secured a $19.5 million loan to refinance Violet Estates, an active-adult living community in Poughkeepsie, New York, built to address the area's housing shortage for people aged 55 and older.

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Address35 Violet Avenue

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