Updated Nov 5, 2026
The KABR Group Secures $15,000,000 Refinance Loan From Joseph E. Fingerman & Kenneth A. Stagnari
65 Challenger Road
$15,000,000
Building Size
—
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in this transaction is located at 65 Challenger Road in Ridgefield Park, NJ. It is categorized as an office asset with a loan amount of $15,000,000, which is being refinanced.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Borrower: The KABR Group
- Loan Type: Refinance
- Date of Transaction: 10/22/2026
This transaction features the involvement of Joseph E. Fingerman and Kenneth A. Stagnari, representing Peapack Private Bank & Trust as the lender, while The KABR Group acts as the borrower in the refinancing deal.
On the Map
$15,000,000
Office
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Ridgefield Park Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93