Dime Community Bank Provides $7.5M Refinance Loan For Mixed-Use Property In Hyde Park

The property located at 1-8 Springwood Circle in Hyde Park has been involved in a closed transaction. The mixed-use asset spans a total of 90,000 square feet. The transaction included the refinancing of the property.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $7,500,000
• Lender: Dime Community Bank
• Landlord: Paul Carassone
• Broker: Matthew Albano - GCP Capital Group
• Loan Type: Refinance
• Loan Terms: 10 year 4.5%

The deal involved Paul Carassone as the landlord and Matthew Albano from GCP Capital Group as the broker. Dime Community Bank provided the refinancing loan with a value of $7,500,000 and terms of 10 years at an interest rate of 4.5%.