Steven Landman Secures $9.5M Refinance Loan From Charlie Terrasi Of Dime Community Bank In Passaic NJ

The property asset involved is located at 2 Brighton Avenue in Passaic, NJ. The asset type is industrial, and the transaction involved a loan amount of $9,500,000 for refinancing purposes. The loan terms include a 5.75% fixed interest rate over a 36-month term with a 25-year amortization period and a prepayment option of 3/2/1.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,500,000
• Lender: Charlie Terrasi - Dime Community Bank
• Borrower: Steven Landman
• Brokers: Moshe Cohen & Bryan Geffen - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5.75% fixed, 36-month term, 25-year (300-month) amortization, 3/2/1 prepay

Key individuals involved in this transaction include Charlie Terrasi, who represents Dime Community Bank, providing the refinancing loan. Steven Landman is noted as the borrower, while Moshe Cohen and Bryan Geffen from Meridian Capital Group served as the brokers facilitating this deal.