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Deutsche Bank Provides $22.5M Refinance Loan For Office Property In Rochelle Park

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FINANCED
$22,500,000

New Jersey

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Office220,398 SF
Financed 09/22/2025
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Property Image
FINANCED

Deutsche Bank Provides $22.5M Refinance Loan For Office Property In Rochelle Park

365 West Passaic Street

See Similar Deals
Office220,398 SF
Financed 09/22/2025
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:220,398 SF
Transaction Type:Loan

The asset involved in this transaction is an office property located at 365 West Passaic Street in Rochelle Park, with a total square footage of 220,398. The loan amount secured for refinancing is $22,500,000, structured as a 5-year fixed-rate loan with full term interest-only payments.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,500,000
  • Loan Type: Refinance
  • Loan Terms: 5-year fixed rate loan, full term I/O
  • Lender: Deutsche Bank
  • Landlord: Michael Bergman - Bergman Real Estate Group
  • Brokers: Brian Anderson & Eddie Miro - Cushman & Wakefield

Key individuals in this transaction include Deutsche Bank as the lender, and Michael Bergman representing the landlord through Bergman Real Estate Group. The brokerage was represented by Brian Anderson and Eddie Miro from Cushman & Wakefield, facilitating this refinancing deal.

Players

Brian Anderson
40 deals$378.3M volume(732) 616-0908
BROKER

Eddie Miro
Cushman & Wakefield
36 deals$419.3M volume
BROKER

Details

FINANCED
IMAGE: Brian Anderson & Eddie Miro DATE: 09/22/2025 ADDRESS: 365 West Passaic Street MARKET: Rochelle Park ASSET TYPE: Office ~ SF: 220,398 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: Michael Bergman - Bergman Real Estate Group BROKERS: Brian Anderson & Eddie Miro (@Eddie_Miro) - (@EDSF_Tristate) - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $22,500,000 LOAN TYPE: Refinance LOAN TERMS: 5-year fixed rate loan, full term I/O

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,500,000.00

Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00