Graf of Houlihan-Parnes/iCap Realty secures $4m mortgage refinancing

Ed Graf of Houlihan-Parnes/iCap Realty Advisors, LLC has arranged for first mortgage re-financing for a single tenant retail condominium. The property contains 7,649 s/f of rentable space (3,938 s/f of ground floor and 3,711 s/f of basement space), and is located at 60 Greene St. The loan was placed for a five-year term with a 30-year amortization schedule. The loan has a five-year option. The interest rate of 5.75% is fixed for the five-year term. The re-finance loan is for $4 million. The lender did not charge a commitment fee. Houlihan-Parnes/iCap Realty Advisors, LLC is a nationally affiliated, multi-faceted real estate investment company headquartered in White Plains, New York. Its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental United States. Its various companies and affiliates specialize in commercial mortgage finance, investment sales, property management, leasing and mortgage servicing.