Dom Casamento's Multifamily Property In Astoria Refinanced With $2.39M Loan From Ridgewood Savings Bank

A multifamily property located at 30-90 14th St. in Astoria, was recently refinanced with a loan of $2,390,000. The loan was provided by Ridgewood Savings Bank. The property is owned by Dom Casamento of Kingdom Equities. The transaction was facilitated by broker Matthew Albano of GCP Capital.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,390,000
• Loan Type: Refinance
• Loan Terms: 3.625% 1 Year I/O 30 Year Amort
• Lender: Ridgewood Savings Bank
• Landlord: Dom Casamento - Kingdom Equities
• Broker: Matthew Albano - GCP Capital

The loan terms for the refinancing of the multifamily property at 30-90 14th St. in Astoria are 3.625% with a one-year interest-only period and a 30-year amortization schedule. This transaction allows the property owner, Dom Casamento of Kingdom Equities, to potentially reduce their monthly mortgage payments and improve their cash flow.