Gyrodyne, LLC (GYRO) Form 8-K — Oct 20, 2026
Gyrodyne, LLC's subsidiary GSD Cortlandt extended the maturity of its mortgage loan on the Cortlandt Manor, NY property by five years to October 10, 2031, with Gyrodyne reaffirming its limited guaranty. The extension required a $431,411.38 principal paydown, leaving an outstanding balance of $4,041,482.21. The interest rate reset to 7.28% per annum, and the new monthly payment is $27,652.32 on a 30-year amortization schedule.
Key figures
- Interest Rate
- 7.28
- Maturity Date
- October 10, 2031
- Principal paydown
- $431,411.38
- New monthly payment
- $27,652.32
- Extension term years
- 5
- Original loan principal
- $4,950,000
AI analysis
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