Paradigm Commercial Real Estate Secures $45M Refinance Loan For Woodcliff Lake Office Building

The office property located at 100 Tice Blvd in Woodcliff Lake, NJ has recently undergone a refinance transaction. The property, spanning 208,000 square feet, was represented by Adrian Edery of Paradigm Commercial Real Estate. The loan amount for this transaction was $45,000,000, and the terms of the loan include a 5-year fixed term with an interest rate of 3.75%. Additionally, there is an 18-month interest-only period, and no prepayment penalty is applicable.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $45,000,000
• Loan Type: Refinance
• Loan Terms: 5 Year Fixed, 3.75%, 18 Months Interest-Only, No Prepayment Penalty

Adrian Edery, representing Paradigm Commercial Real Estate, played a key role in facilitating this refinance transaction for the office property at 100 Tice Blvd in Woodcliff Lake, NJ.