Gary Spindler Of Park-It Management Secures $42 Million Refinancing From Provident Bank For Retail Properties

The transaction involves a retail asset with a total square footage of 53,638 located at 38-18 Queens Boulevard, 702 Utica Avenue, and 6414 18th Avenue, situated in the Queens and Brooklyn markets. Park-It Management’s Path Land Holdings LLC secured a refinancing loan amounting to $42 million from Provident Bank, replacing a previous loan of $42.3 million from Citizens Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,000,000
• Lender: Provident Bank
• Landlord: Gary Spindler - Park-It Management
• Previous Loan: $42,300,000 from Citizens Bank
• Coverage: Nine New York City properties

The key individuals involved in this transaction include Gary Spindler, representing Park-It Management, which executed the refinancing deal. The lender for this loan was Provident Bank, facilitating the financial transition for the properties in question, located in two prominent New York City markets.