Greystone Capital Advisors has secured a $285.7 million bridge loan for Capodagli Property Company to refinance four multifamily communities in New Jersey.

The portfolio encompasses more than 1,000 residential units and 30,000 square feet of retail space across four properties in Essex, Bergen, Passaic and Union counties.

PGIM provided the financing, refinancing existing debt while returning additional capital to the sponsor, according to a statement.

The four-property portfolio is comprised of more than 1,000 residential units and 30,000 square feet of retail space in prime, transit-oriented submarkets:

Meridia Village Commons – 106 units, 209 Valley Street, South Orange, NJ 07079

Meridia Pompton Lakes – 212 units, 261 Wanaque Avenue, Pompton Lakes, NJ 07442

Meridia Linden

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