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

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.