Gyrodyne Subsidiary Extends Loan With SIG CRE 2023 Venture to October 2031

Bitget2026/10/20 19:01

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Gyrodyne's subsidiary GSD Cortlandt extended its loan with SIG CRE 2023 Venture five years to October 10, 2031.
The extension agreement was dated October 19, 2026, effective October 10, 2026.
The loan, originally $4.95 million, carries a reset interest rate of 7.28% annually.
GSD Cortlandt paid down $431,411.38; outstanding principal totaled $4.04 million following the scheduled principal and interest payment.
The parent reaffirmed its limited guaranty and environmental indemnity obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gyrodyne LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-033007), on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gyrodyne Subsidiary Extends Loan With SIG CRE 2023 Venture to October 2031

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