Dime Bank Provides $59.75M Refinance Loan For Upper East Side Portfolio

The Upper East Side Portfolio located in Upper East Side, NY has undergone a successful loan refinancing transaction. This multifamily property consists of 254 units and is situated in a highly desirable market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,750,000
• Loan Type: Refinance
• Loan Terms: 7-year Fixed, 5.36% rate, Partial IO term, Bank Lender

The loan was provided by Dime Bank, a reputable lending institution. The brokers involved in the transaction were Judah Hammer and Daniel Neiss from Meridian Capital Group, and Charlie Terrasi from Dime Savings Bank, who represented their respective clients throughout the deal.