Gyrodyne Extends $4.95 Million Loan Through Letter Agreement With SIG CRE 2023 Venture
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Gyrodyne, through subsidiary GSD Cortlandt and with Gyrodyne as guarantor, entered into a letter agreement effective Oct 10, 2026 to extend a $4.95 million loan with SIG CRE 2023 Venture. The extension is intended to preserve financing and provide continued flexibility for the underlying assets. Additional terms were not disclosed.
Agreement details:
- Agreement type: Loan extension letter agreement for $4.95 million loan
- Counterparty: SIG CRE 2023 Venture
- Signed / Effective: Oct 19 2026 / Oct 10 2026
- Reason: Extend loan maturity and preserve financing flexibility
Original SEC Filing: Gyrodyne, LLC [ GYRO ] - 8-K - Oct. 20, 2026
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