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Posted: March 15, 2016
Graf of Houlihan-Parnes Realtors arranges $695,000 first mortgage
Ed Graf, Houlihan-Parnes Realtors LLCHaverstraw, NY Houlihan-Parnes Realtors, LLC has arranged a 1st mortgage in the amount of $695,000. Ed Graf represented the transaction for the mixed-use property located at 21-29 Main St.
The property consists of four residential units, and six retail stores. The non-recourse loan in the amount of $695,000 is fixed for five years with a five year option. The par loan also has right to prepay with a 5% penalty in year one declining 1% per year, with no penalty in the last three months of the term.
Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, it has been continuously family owned and operated since its inception. Its companies and affiliates invest and engage in the acquisition and ownership of all types of commercial properties throughout the United States. We 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.
21-29 Main Street - Haverstraw, NY
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