Dime Community Bank Provides $4M Acquisition Loan For Industrial Property In Long Island

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.