Rabinowitz of Houlihan Parnes/iCap negotiates $225,000 first mortgage

David Rabinowitz of Houlihan Parnes/iCap Realty Advisors, LLC has arranged a private first mortgage loan of $225,000 on 1832 Wallace Ave. in the Morris Park area. The first mortgage/bridge loan was an interest only fixed rate mortgage with a term of 12 months with no pre-payment for the first three months. The borrower was represented by Kathleen Bradshaw, Esq. The lender was represented by Joshua Deutsch, Esq. of Deutsch & Schneider.

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Avatar Financial Group provides $3.7 million bridge loan on newly completed mixed-use project

Paterson, NJ Avatar Financial Group LLC (Avatar) provided a $3.7million cash-out bridge loan on a newly constructed mixed-use property at 59 Pearl St. The two-year, first-lien loan was originated at 64% loan-to-value. The borrower