Updated Dec 21, 2023
Paradigm Commercial Real Estate Secures $45M Refinance Loan For Woodcliff Lake Office Building
100 Tice Boulevard, Woodcliff Lake, New Jersey 07677, United States
$45,000,000
$216/SF
Building Size
208,000 SF
Asset Type
Office
Closing
Mar 2, 2022
About this deal
AI
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.
Woodcliff Lake Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93