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
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