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.
Charlotte, NC Merchants Capital closed $15.5 million in financing for the construction of Ryans Way, a 60-unit low-income housing tax credit (LIHTC) development developed by Scantland,