Dime sells $3.3M loan to Frontline Funding secured by Steven Cottone property in Gravesend

Dime Savings Bank sells $3.3 million loan to Frontline Funding LLC secured by property owned by Steven Cottone property in Gravesend.
The property is three parcels, including the tax class primarily one to six families with stores or offices (S9) and containing 12 residential units at 10 Avenue O, 5825 5th Avenue, 5601 7th Avenue in Gravesend The deal closed on September 23, 2020 and was recorded on November 16, 2020.
The property has 20,137 square feet of built space and available development rights.

This is a note sale of a loan with an original principal amount of $3.3 million given in 2014 to Steven Cottone. The signatory for the new lender Frontline Funding LLC is the attorney James E. Cantanno.