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Rubenstein Partners And Vision Real Estate Partners Secure $100M Loan From Deutsche Bank For Office Buildings
FINANCED
$100,000,000
New Jersey
See Similar DealsOffice518,620 SF
Financed 09/10/2025
FINANCED
Rubenstein Partners And Vision Real Estate Partners Secure $100M Loan From Deutsche Bank For Office Buildings
300 Warren Corp Center Drive
See Similar DealsOffice518,620 SF
Financed 09/10/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$192
Total Square Footage:518,620 SF
Transaction Type:Loan
The Warren Corporate Center consists of three office buildings located at 300, 400 & 500 in Warren, New Jersey. The total square footage of these buildings is 518,620. The asset is involved in a loan transaction amounting to $100,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000,000
- Loan Amount: $100,000,000
- Loan Terms: five-year, interest-only loan
- Interest Rate: 7.765%
- Lender: Deutsche Bank
- Landlord: David Rubenstein - Rubenstein Partners
- Landlord: Samuel J. Morreale - Vision Real Estate Partners
- Market: Warren
Rubenstein Partners and Vision Real Estate secured the mortgage from Deutsche Bank, which will be included in a CMBS conduit deal. The arrangement highlights the collaboration between the two landlords in managing the office assets.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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