Paradigm Commercial Real Estate Arranges $6M Refinance Loan For 73K SF Industrial Property In Clifton, NJ

Located at 40 Isabella St in Clifton, NJ, this industrial property spans approximately 73,000 square feet. The transaction took place on 10/19/2021 and involved a refinance loan.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Amount: $6,000,000
• Loan Terms: 65% LTV, $3.5mm Cash-out, 3% Rate, 5yr Fixed

The loan was secured with a 65% loan-to-value ratio and included a cash-out amount of $3.5 million. The loan terms offered a fixed rate of 3% for a period of 5 years.

Paradigm Commercial Real Estate represented all parties involved in the transaction, including Adrian Edery, Michael Ryback, and Ben Krupp.