Paradigm Commercial Real Estate Secures $45M Refinance Loan For Woodcliff Lake Office Building
FINANCED
$45,000,000
New Jersey
See Similar DealsOffice208,000 SF
Financed 03/03/2022
FINANCED
Paradigm Commercial Real Estate Secures $45M Refinance Loan For Woodcliff Lake Office Building
100 Tice Boulevard, Woodcliff Lake, New Jersey 07677, United States
See Similar DealsOffice208,000 SF
Financed 03/03/2022
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$216
Total Square Footage:208,000 SF
Transaction Type:Loan
The office property located at 100 Tice Blvd in Woodcliff Lake, NJ has recently undergone a refinance transaction. The property, spanning 208,000 square feet, was represented by Adrian Edery of Paradigm Commercial Real Estate. The loan amount for this transaction was $45,000,000, and the terms of the loan include a 5-year fixed term with an interest rate of 3.75%. Additionally, there is an 18-month interest-only period, and no prepayment penalty is applicable.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Loan Type: Refinance
- Loan Terms: 5 Year Fixed, 3.75%, 18 Months Interest-Only, No Prepayment Penalty
Adrian Edery, representing Paradigm Commercial Real Estate, played a key role in facilitating this refinance transaction for the office property at 100 Tice Blvd in Woodcliff Lake, NJ.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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