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75 Wood Street

Updated Jun 25, 2026

Cushman & Wakefield Arranges $22.5M Loan For Eagle Cliff Real Estate In Paterson
FINANCEDIndustrial

Cushman & Wakefield Arranges $22.5M Loan For Eagle Cliff Real Estate In Paterson

75 Wood Street & 90 6th Avenue Paterson

$22,500,000

Building Size

—

Asset Type

Industrial

Closing

May 16, 2024

About this deal

AI

An industrial portfolio located at 75 Wood Street & 90 6th Avenue in Paterson, New Jersey, has been acquired by Eagle Cliff Real Estate Partners. The property spans 192,000 square feet and was purchased with the assistance of a $22.5 million loan from GID Credit, secured through Cushman & Wakefield. The loan will cover acquisition expenses, future capital improvements, and leasing costs for the industrial asset.

Summary of transaction details:

Cushman & Wakefield played a pivotal role in facilitating the acquisition of the industrial portfolio by Eagle Cliff Real Estate Partners. The brokers involved in the deal include Chuck Kohaut, Jason Blankfein, John Alascio, and TJ Sullivan. This strategic collaboration ensured the successful securing of the $22.5 million loan from GID Credit, reflecting a commitment to driving forward commercial real estate transactions in the Paterson market.

On the Map

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$22,500,000

Industrial

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Players

John Alascio

Cushman & Wakefield

Broker

$6.5B

vol

65 deals

Broker
GID Credit
GID CreditLender

Paterson Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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