PGIM Loans $83M to Refi 325-Unit New Jersey Apartment Complex
The final piece to a 1,300-unit apartment portfolio refinancing has been sealed. Commercial Observer can first report that Capodagli Property Company has secured $82.6 million to refinance Meridia Roselle Park 10, a 325-unit Class A multifamily complex in Roselle, N.J. PGIM…
The final piece to a 1,300-unit apartment portfolio refinancing has been sealed. Commercial Observer can first report that Capodagli Property Company has secured $82.6 million to refinance Meridia Roselle Park 10, a 325-unit Class A multifamily complex in Roselle, N.J. PGIM…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine refinancing of a mid-sized apartment complex by a major institutional lender, representing ordinary commercial real estate credit activity without novel structure or broad market impact.
Sources
Commercial Observer
PGIM Loans $83M to Refi 325-Unit New Jersey Apartment Complex
The final piece to a 1,300-unit apartment portfolio refinancing has been sealed. Commercial Observer can first report that Capodagli Property Company has secured $82.6 million to refinance Meridia Roselle Park 10, a 325-unit Class A multifamily complex in Roselle, N.J. PGIM…