Houilihan-Parnes/iCap places $4 million loan

Houlihan-Parnes/ iCap Realty Advisors, LLC recently placed a $4 million first mortgage on the 60,000 s/f neighborhood shopping center known as Brentwood Plaza in Long Island. The loan is fixed at 6% for ten years, with monthly payments of interest only for 5 years and 30-year amortization thereafter. There was no fee to the lender and no escrow deposits are required. The property consists of 19 stores anchored by a Compare Foods supermarket. The borrower was represented in the transaction by Aubrey Riccardi of Goldberg Weprin & Ustin LLP, and title was provided by Phil Linz of Stewart Title.