Dime Bank Provides $10M Refinance Loan For Multifamily Property On Remsen Street In New York

The recently closed property transaction in New York involved a multifamily asset located on Remsen Street, Columbia Heights Street, Riverside Drive, and West 73rd St. The property, whose address was not provided, was part of a refinance loan deal facilitated by Dime Bank. The loan amount for this transaction was $10,000,000, and it had a fixed interest rate of 5% for a period of 5 years.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Lender: Dime Bank
• Brokers: Shamir Seidman & Daniel Neiss - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: Fixed Rate at 5% for 5 years

In this deal, the property was refinanced, and the loan was secured from Dime Bank. The brokers representing the transaction were Shamir Seidman and Daniel Neiss from the Meridian Capital Group.