Simone Development Refinances Westchester Square Office With $9.6M Loan From Webster Bank

An office building spanning 58,566 square feet located at 2510 Westchester Avenue in Westchester Square, Bronx, was the subject of a $9.6 million refinance loan from Joseph Giamartino of Webster Bank to Joseph Simone of Simone Development Companies.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,600,000
• Address: 2510 Westchester Avenue
• Market: Westchester Square, Bronx
• Lender: Joseph Giamartino - Webster Bank
• Landlord: Joseph Simone - Simone Development Companies

Simone Development Companies, represented by 2510 Westchester Avenue Associate LLC, successfully secured the refinancing deal for the office building. The loan was facilitated by Joseph Giamartino of Webster Bank, providing financial support to Joseph Simone of Simone Development Companies, ensuring the continued prosperity of the property at 2510 Westchester Avenue.