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Kenneth A. Stagnari & Joseph E. Fingerman Of Peapack Private Bank & Trust Provide $3.8M Refinance Loan For Retail Property In Orange NJ

Property Image
FINANCED
$3,800,000

New Jersey

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Retail14,110 SF
Financed 08/07/2025
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Property Image
FINANCED

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

See Similar Deals
Retail14,110 SF
Financed 08/07/2025
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$269
Total Square Footage:14,110 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Joseph E. Fingerman & Kenneth A. Stagnari DATE: 8/7/2025 ADDRESS: 322 Main Street MARKET: Orange, NJ ASSET TYPE: Retail ~ SF: 14,110 LENDER: Kenneth A. Stagnari & Joseph E. Fingerman - Peapack Private Bank & Trust LANDLORD: Paramount Assets LOAN AMOUNT: $3,800,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,800,000.00

Monthly NOI$25,333.33
Monthly Debt Service$24,018.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00