Capital One Refis NY, NJ Multifamily Assets With $200M Loan Package

Eagle Rock Properties has landed a $200 million debt package to refinance four multifamily assets in New York and New Jersey, Commercial Observer can first report.

Capital One (COF) provided the loans for the properties, which encompass 1,300 apartment units. The deals were arranged by Capital One senior vice presidents Todd Phillips and Michael Maidhof.

Meridian Capital Group arranged the transactions with a team led by Abe Hirsch and Zev Karpel. 

“Meridian and Capital One’s long-standing relationship with Eagle Rock — and their designation as a Freddie Mac Select Sponsor — enabled us to effectively align our financing solutions with their strategy,” Phillips said in a statement.