Updated Oct 9, 2026
TriState Capital Bank Provides $18 Million Refinance Loan For Medical Office In Paramus
1 West Ridgewood Avenue
$18,000,000
$229/SF
Building Size
78,432 SF
Asset Type
Medical Office
Closing
Sep 21, 2026
About this deal
AI
The asset involved in this transaction is a medical office building located at 1 West Ridgewood Avenue in the Paramus market, encompassing a total square footage of 78,000. The loan amount secured for this asset is $18,000,000, which is part of a refinance loan type with terms set at 5 years fixed.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $18,000,000
- Loan Type: Refinance
- Loan Terms: 5 Years Fixed
- Lender: TriState Capital Bank
- Landlord's Representative: Brad Domenico, Frank Stanislaski & Jack Subers - EDSF Group | CRE Loans - Cushman & Wakefield
This transaction involves key individuals including Brad Domenico, Frank Stanislaski, and Jack Subers, who represent the landlord through EDSF Group at Cushman & Wakefield, emphasizing their involvement in the financing process of this medical office asset.
On the Map
$18,000,000
$229/SF
Medical Office
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Players
Paramus Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93