Graf of Houlihan-Parnes handles $1.5 million Bronx refinancing loan

840 Bronx Park South - Bronx, NY

Ed Graf, Houlihan-Parnes Realtors LLC

Bronx, NY Houlihan-Parnes Realtors, LLC has arranged refinancing on a five- story walk-up apartment building located at 840 Bronx Park South.  The property contains 13 residential units and one store on the ground floor. Houlihan-Parnes’ Ed Graf was the broker for this transaction. 

The par, non-recourse loan of $1.5 million was placed for a term of five years, with a five year option term. The initial term is fixed at 3.125% with a 30 year amortization schedule.  The prepayment penalty is 5% for the first year with a declining 1% per year, thereafter. 

Houlihan-Parnes is a multi-faceted real estate investment company headquartered in White Plains.  Founded in 1891, it has been continuously family owned and family operated since its inception. Its companies and affiliates invest and engage in the acquisition and ownership of all types of commercial properties throughout the U.S. 

They specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and advisory and consulting services.  Our mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC a leading commercial mortgage banking company with 22 offices in 20 states nationwide.