Houlihan of Houlihan Parnes/iCap completes $3.85 million in financing for 132-134 East 125th St.

Jerry Houlihan of Houlihan Parnes/iCap Realty Advisors, LLC has placed an institutional first mortgage in the amount of $3.85 million for the refinancing of three contiguous two-story buildings with 7,000 s/f located at 132-134 East 125th St. (a.k.a. 2050-2060 Lexington Ave.) in the East Harlem section. Situated at the entrances to the 4, 5 & 6 subway stations.The loan was placed with a savings bank at a market interest rate fixed for five years on a 10-year term payable on a 30-year amortization schedule. The bank charged no commitment fee and was represented by Stark Amron & Liner, LLP.