BINGHAMPTON, NY-Ed Graf, senior director of Houlihan-Parnes Realtors, has arranged for a first mortgage re-financing for a multifamily portfolio of 602 apartments. The 13 properties are located in Binghamton, NY and the nearby cities of Endicott, Endwell and Johnson City.
The par, non-recourse $16.7 million loan is fixed at 3.61% for five years, with a 30-year amortization schedule. The loan can be prepaid with a prepayment premium at a descending rate. The borrower was represented in the transaction by Steven Tierney of Woods, Oviatt, Gilman. Houlihan-Parnes declined to reveal the identity of the lender or the company's broker.
Houlihan-Parnes Realtors is a real estate investment company headquartered in White Plains, NY. The company's mortgage brokerage affiliate is Q10 | New York Realty Advisors, which boasts 26 offices in 20 states nationwide.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
