Kingdom Equities Refinances Astoria Multifamily Property With $3.13M Loan From Ridgewood Savings Bank

The multifamily property located at 30-38 Steinway St. in Astoria has recently undergone a loan refinance transaction. The property, owned by Dom Casamento of Kingdom Equities, obtained a loan from Ridgewood Savings Bank. The loan amount secured for this transaction was $3,125,000. The loan terms include a fixed interest rate of 3.625% for the first year with interest-only payments, followed by a 30-year amortization period.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,125,000
• Lender: Ridgewood Savings Bank
• Landlord: Dom Casamento - Kingdom Equities
• Broker: Matthew Albano - GCP Capital

Matthew Albano of GCP Capital represented Dom Casamento and Kingdom Equities as the broker in this refinance loan deal. The involvement of GCP Capital highlights their expertise in facilitating successful financial transactions in the real estate market.