Updated Aug 21, 2026
George Capodagli Of Capodagli Property Company Secures $82.6M Bridge Loan From PGIM For 325-Unit Property
10 Westfield Avenue West
$82,500,000
Units
325
Asset Type
MultiFamily
Closing
Aug 20, 2026
About this deal
AI
The property asset involved in the transaction is a 325-unit multifamily building known as Meridia Roselle Park 10, located at 10 Westfield Avenue West in Roselle Park, NJ. The loan associated with this property amounts to $82,600,000 and is categorized as a bridge loan.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $82,600,000
- Lender: PGIM
- Landlord: George Capodagli - Capodagli Property Company
- Brokers: Drew Fletcher, Bryan Grover, Miryam Reinitz-Kops & Jesse Kopecky - Greystone
This transaction highlights the involvement of Capodagli Property Company as the landlord who secured the bridge loan from PGIM. Additionally, the financing closed contributes to a total of $369.5 million in PGIM financing across five Class A multifamily properties that collectively comprise 1,340 units.
On the Map
$82,500,000
MultiFamily
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Garwood MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93