George Capodagli Of Capodagli Property Company Secures $82.6M Bridge Loan From PGIM For 325-Unit Property

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.