facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Loan

/

369, 389 And 399 Interpace ...

Jeremy Levart Of Oak Funding Provides $80 Million Refinance For Office Asset In Parsippany NJ
FINANCEDOffice

Jeremy Levart Of Oak Funding Provides $80 Million Refinance For Office Asset In Parsippany NJ

369, 389 And 399 Interpace Parkway, Parsippany, Nj, 07054

$80,000,000

$152/SF

Building Size

524,000 SF

Asset Type

Office

Closing

Mar 30, 2026

AI

The asset involved in this transaction is an office property located at 369, 389 & 399 Interpace Parkway in Parsippany, NJ, comprising a total of 524,000 square feet. The loan amount for this property is $80,000,000, specifically structured as a refinance.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $80,000,000
  • Asset Size: 524,000 SF
  • Location: 369, 389 & 399 Interpace Parkway, Parsippany, NJ
  • Lender: Jeremy Levart - Oak Funding
  • Landlord: Rubenstein Partners, L.P. & Vision Real Estate Partners
  • Loan Type: Refinance

Jeremy Levart from Oak Funding serves as the lender in this transaction. The landlords involved are Rubenstein Partners, L.P. and Vision Real Estate Partners, highlighting the entities behind the ownership of the property.

Players

Oak Funding
Oak FundingLender

Jeremy Levart

Oak Funding

Originator

$218.5M

vol

5 deals

Originator

Parsippany Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93