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Capodagli Property Company Secures $65M Loan For Mixed-Use Property In Roselle Park

Property Image
FINANCED
$65,000,000
Bryan Grover
Drew Fletcher
Miryam Kops

New Jersey

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Mixed-use24,636 SF
Financed 03/15/2021
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Property Image
FINANCED

Capodagli Property Company Secures $65M Loan For Mixed-Use Property In Roselle Park

10 Westfield Avenue West, Roselle Park, NJ, USA

See Similar Deals
Mixed-use24,636 SF
Financed 03/15/2021
Bryan Grover
Drew Fletcher
Miryam Kops
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$2,638
Total Square Footage:24,636 SF
Transaction Type:Loan

The mixed-use property located at 10 West Westfield Avenue in Roselle Park has recently undergone a loan transaction. The loan was provided by ACORE Capital, with Kory Klebanoff representing the lending institution. The loan amount for this transaction was $65,000,000. The property consists of 325 units.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $65,000,000
  • Address: 10 West Westfield Avenue, Roselle Park
  • Market: Roselle Park

In addition to the lending institution, other key individuals and companies involved in this transaction include the Capodagli Property Company, represented by George Capodagli as the landlord. The brokers who facilitated this deal were Drew Fletcher, Miryam Kops, and Bryan Grover from Greystone Capital Advisors.

Players

Bryan Grover
Greystone
Bryan Grover
33 deals$5.9B volume(914) 450-5729
BROKER
Drew Fletcher
Greystone
Drew Fletcher
38 deals$6.6B volume
BROKER
Miryam Kops
Miryam Kops
1 deal$65M volume
BROKER
Greystone
Greystone
BROKERAGE
Acore Capital
Acore Capital
LENDER
CC
Capodagli Property Company
LANDLORD

Details

FINANCED
IMAGE: Kory Klebanoff, George Capodagli, Drew Fletcher, & Bryan Grover DATE: 03/15/2021 ADDRESS: 10 West Westfield Avenue MARKET: Roselle Park ASSET TYPE: Mixed-use LENDER: ACORE Capital - Kory Klebanoff LANDLORD: Capodagli Property Company - George Capodagli BROKERS: Drew Fletcher, Miryam Kops & Bryan Grover - Greystone Capital Advisors LOAN AMOUNT: $65,000,000 UNITS: 325

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,000,000.00

Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00