Dime Community Bank Provides $38M Loan For North Williamsburg Office Building

The recently closed property transaction in North Williamsburg involved an office asset located at 61 North 11th Street. The property spans across 52,000 square feet and consists of 4 units. The transaction took place on the date of July 8, 2020.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $38,000,000
• Lender: Dime Community Bank
• Landlord: Cheskie Weisz
• Broker: Leah Paskus – Landstone Capital Group
• Loan Terms: 5 Year term with a 3.06% Rate

Conrad Gunther and Cheskie Weisz were involved in the loan arrangement as depicted in the loan image. Dime Community Bank provided a loan amount of $38,000,000 to facilitate the transaction. The loan terms consist of a 5-year term with a 3.06% interest rate. Leah Paskus from Landstone Capital Group represented the parties involved as the broker.