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10 Westfield Avenue West

Drew Fletcher & Miryam Reinitz-Kops Of Greystone Provide $80M Refinance Loan For Capodagli Property Company
FINANCEDMultiFamily

Drew Fletcher & Miryam Reinitz-Kops Of Greystone Provide $80M Refinance Loan For Capodagli Property Company

10 Westfield Avenue West

$80,000,000

Building Size

Asset Type

MultiFamily

Closing

May 15, 2025

AI

The asset involved in this transaction is a multifamily property located at 10 Westfield Avenue West in Roselle Park, NJ. This property comprises 325 units and is identified as the Meridia Roselle Park 10. The loan amount for this refinancing transaction is $80,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $80,000,000
  • Lender: Drew Fletcher & Miryam Reinitz-Kops - Greystone
  • Landlord: John Longo - Capodagli Property Company
  • Loan Type: Refinance
  • Loan Terms: 2-year, interest-only

Drew Fletcher and Miryam Reinitz-Kops from Greystone arranged this bridge loan for Capodagli Property Company, enabling the refinancing of the specified multifamily property in Roselle Park. The transaction took place on May 15, 2025.

Players

Drew Fletcher

Greystone

Lender

$6.9B

vol

42 deals

Lender
Greystone
GreystoneLender

Roselle Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93