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Drew Fletcher & Miryam Reinitz-Kops Of Greystone Provide $80M Refinance Loan For Capodagli Property Company
FINANCED
$80,000,000
New Jersey
See Similar DealsMultiFamily
Financed 05/15/2025
FINANCED
Drew Fletcher & Miryam Reinitz-Kops Of Greystone Provide $80M Refinance Loan For Capodagli Property Company
10 Westfield Avenue West
See Similar DealsMultiFamily
Financed 05/15/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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