Greystone Provides $80M Bridge Loan to Refi Roselle Park Apartments
Greystone has provided an $80,000,000 bridge loan to refinance Meridia Roselle Park 10, a multifamily property in the Union County community of Roselle Park, NJ. The financing was originated by Drew Fletcher and Miryam Reinitz-Kops of Greystone on behalf of Capodagli Property Company.
The Greystone bridge loan includes a two-year term at a floating rate and has full-term interest-only.
“It’s rewarding to support Capodagli’s continued growth—not only as a company, but as a force for delivering much-needed, quality housing across New Jersey’s emerging neighborhoods,” said Reinitz-Kops. “Even as they scale, they remain grounded in their mission of Building on Belonging, which continues to set them apart.”
Located at 10 Westfield Ave., Meridia Roselle Park 10 contains 325 units and amenities including onsite parking, in-unit washer/dryers and Keyless LATCH access. Capodagli has also developed Meridia on Westfield, located at 240 Westfield Ave. in the same community.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout