FINANCEDOffice
Morris Betesh Omar Ferreira Jacob Petrovic And Jonah Schultz Secure $21.45M Refinance Loan For Office In Parsippany NJ
$21,450,000
Building Size
—
Asset Type
Office
Closing
Jan 20, 2026
AI
The transaction involved an office asset located in Parsippany, NJ, with a loan amount of $21,450,000 for refinance purposes.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $21,450,000
- Loan Type: Refinance
- Landlord's Representatives: Morris Betesh, Omar Ferreira, Jacob Petrovic, and Jonah Schultz - Arrow Real Estate Advisors
- Date of Transaction: 1/21/2026
The deal was orchestrated by Morris Betesh, Omar Ferreira, Jacob Petrovic, and Jonah Schultz, who represented the landlord through Arrow Real Estate Advisors, showcasing their collaboration in securing the refinance loan.
Players
Symetra Life InsuranceLender
Market 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93