Greystone has provided an $80,000,000 Bridge loan to refinance a multifamily property in Roselle Park, New Jersey. The financing was originated by Drew Fletcher and Miryam Reinitz-Kops of Greystone on behalf of Capodagli Property Company.
Meridia Roselle Park 10 contains 325 units and amenities including on-site parking, in-unit washer/dryers, and features Keyless LATCH access. The Greystone bridge loan includes a 2-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. Even as they scale, they remain grounded in their mission of Building on Belonging, which continues to set them apart,” said Miryam Reinitz-Kops.
“We are proud to have successfully closed another well-executed transaction, financing for our exceptional asset in Roselle Park. It has been a pleasure collaborating with the Township of Roselle Park and Greystone to bring our vision of high quality, affordably priced housing to the community,” said John Longo, CIO, Capodagli Property Company.
