ACORE Capital has funded a $65 milion construction loan for a 325-unit apartment development in Roselle Park, NJ.
Greystone arranged the loan for Capodagli Property Company to finance the planned multifamily project totaling 325 multifamily units, 16,000 s/f of retail, and a 518-space parking garage, located at 10 Westfield Avenue West in Roselle Park.
The development is located less than 20 miles from New York City and is designed to appeal to young professional renters by providing a high-quality product at competitive prices.
Capodagli will deliver a comprehensive amenity package including a courtyard, fitness center, meeting rooms, and lounge.
Greystone Capital Advisors, led by president Drew Fletcher, and with assistance from Miryam Kops and Bryan Grover, served as the exclusive advisor in arranging the financing on behalf of Capodagli.