Question

Generally, the interest rate on the commercial real estate loans originated by Dime Community Bancshares is...

Generally, the interest rate on the commercial real estate loans originated by Dime Community Bancshares is equal to the 5-year Federal Home Loan Bank of New York advance rate.

TRUE OR FALSE?

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Answer #1

Question:

Generally, the interest rate on the commercial real estate loans originated by Dime Community Bancshares is equal to the 5-year Federal Home Loan Bank of New York advance rate.

TRUE OR FALSE?

Ans: False

Explanation:

The interest rate on the commercial real estate loans originated by Dime Community Bancshares is equal to the 5-year Federal Home Loan Bank of New York advance rate plus a spread typically approximating 250 basis points.

So, our answer is False.

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