Signature Bank Provides $13.5M Loan For Rochelle Park Office Center

The Park 17 Office Center in Rochelle Park, NJ has been involved in a recent closed property transaction. This property is an office building with a total size of 105,000 square feet. The transaction took place on November 30, 2022.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $13,500,000
• Address: Park 17 Office Center, Rochelle Park, NJ
• Market: Rochelle Park, NJ
• Lender: Signature Bank
• Loan Type: Purchase
• Loan Terms: 5 Years, 2 Years IO
• Brokers: Morris Diamant & Tzvi Krieger - Meridian Capital Group

The loan for this transaction was provided by Signature Bank. The loan amount was $13,500,000 and it was used for the purchase of the Park 17 Office Center. The loan terms include a 5-year duration with a 2-year interest-only period. The transaction was facilitated by brokers Morris Diamant and Tzvi Krieger from the Meridian Capital Group.