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Parsippany

Morris Betesh Omar Ferreira Jacob Petrovic And Jonah Schultz Secure $21.45M Refinance Loan For Office In Parsippany NJ
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:

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

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.6B

vol

219 deals

Broker
Symetra Life Insurance
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