FINANCED
Dime Community Bank Provides $4M Acquisition Loan For Industrial Property In Long Island
80 Davids Drive
Industrial
34,000 SF
34,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Industrial
34,000 sqft
The industrial property located at 80 Davids Drive in Long Island has recently been involved in a closed transaction. The property spans approximately 34,000 square feet, making it a desirable asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Date: 03/31/2022
- Market: Long Island
- Address: 80 Davids Drive
The lender for this transaction was Dime Community Bank. The loan provided for the acquisition of the property amounted to $4,000,000. It is classified as an acquisition loan and comes with a fixed term of 5 years and a 25-year amortization schedule.
David Wang is the landlord of 80 Davids Drive. The broker representing the deal was Michael Volpe from Highcap Group.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Michael Volpe
DATE: 03/31/2022
ADDRESS: 80 Davids Drive
MARKET: Long Island
ASSET TYPE: Industrial ~ SF: 34,000
LENDER: Dime Community Bank
LANDLORD: David Wang
BROKER: Michael Volpe (@VolpeMV14) - Highcap Group (@Highcap_Group)
LOAN AMOUNT: $4,000,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: 5 years fixed, 25 year amortizationView on map
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Address80 Davids Drive
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