Capodagli Property Company Secures $285.7 Million Refinance Loan From PGIM For Multifamily Assets

The transaction involves multifamily assets located at 209 Valley Street, 261 Wanaque Avenue, 1001 West Elizabeth Avenue, and 110 Bergen Turnpike across the South Orange, Pompton Lakes, Linden, and Little Ferry markets. The total number of units is 1,014, with a refinance loan amount of $285,700,000 secured by PGIM as the lender. The landlord for the properties is Capodagli Property Company.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $285,700,000
• Lender: PGIM
• Landlord: Capodagli Property Company
• Units: 1,014
• Market: South Orange, Pompton Lakes, Linden & Little Ferry
• Loan Type: Refinance

The deal is facilitated by brokers Drew Fletcher, Bryan Grover, Miryam Reinitz-Kops, and Jesse Kopecky from Greystone, representing the landlord in this transaction.