Kenneth A. Stagnari & Joseph E. Fingerman Of Peapack Private Bank & Trust Provide $3.8M Refinance Loan For Retail Property In Orange NJ
322 Main Street
$3,800,000
$269/SF
Building Size
14,110 SF
Asset Type
Retail
Closing
Aug 6, 2025
AI
The property asset involved in the transaction is a retail establishment located at 322 Main Street, in Orange, NJ. The asset encompasses a total square footage of 14,110. The transaction involves a loan amount of $3,800,000, classified as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Asset Address: 322 Main Street
- Market: Orange, NJ
- Lender: Kenneth A. Stagnari & Joseph E. Fingerman - Peapack Private Bank & Trust
- Landlord: Paramount Assets
- Loan Type: Refinance
Key individuals in this transaction include Kenneth A. Stagnari and Joseph E. Fingerman, who represent the lender Peapack Private Bank & Trust. Paramount Assets is noted as the landlord in this transaction, adding to the dynamics of the deal without reiterating previously mentioned financial figures or property specifics.
Players
Orange Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93