Dime Community Bank Provides $4.25M Refinance Loan For Industrial Property At 30-60 Skyline Drive, Long Island | 30-60 Skyline Drive | Dime Community Bank | Michael Volpe | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

40,000 sqft

A loan transaction has taken place for an industrial property located at 30-60 Skyline Drive in Long Island. The property spans approximately 40,000 square feet.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $4,250,000
Address: 30-60 Skyline Drive
Market: Long Island
Image: Michael Volpe
Date: 09/27/2021

The landlord in this transaction is Jin Bing Wang, while the lender is Dime Community Bank. The loan, which amounts to $4,250,000, serves as a refinancing solution. The terms of the loan include a duration of 5 years, an interest rate of 3.5%, and a 25-year amortization schedule.

The broker involved in this deal is Michael Volpe from the Highcap Group.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Details

Deal Summary

FINANCED

IMAGE: Michael Volpe DATE: 09/27/2021 ADDRESS: 30-60 Skyline Drive MARKET: Long Island ASSET TYPE: Industrial ~ SF: 40,000 LANDLORD: Jin Bing Wang LENDER: Dime Community Bank BROKER: Michael Volpe (@volpemv14) @Highcap_Group LOAN AMOUNT: $4,250,000 LOAN TYPE: Refinance LOAN TERMS: 5 years, 3.5%, 25 year amortization

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Address30-60 Skyline Drive

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