Graf and Sannella of Houlihan-Parnes Realtors place $1.155 million

According to Houlihan-Parnes Realtors, LLC, Ed Graf and Ted Sannella of Houlihan-Parnes recently completed the placement of a first mortgage for the purchase of a multifamily portfolio. The portfolio consists of 111 units and is located at 88-90 Henry; 777 Chenango St., Port Dickenson; 7-9 Eaton; 10 Florence,; 27 Tompkins and 30 Webster. The purchase price for the portfolio is in the amount of $1.5 million. The fixed loan has a 5-year term with a five year option. The first mortgage loan is for $1.155 million. The loan can be pre-paid at 1% years 1-4 and years 6-9. The transaction was handled by Steve Tierney of Wood, Oviatt, Gilman L.P.P. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental U.S. Its various companies and affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting.