Houlihan-Parnes/ iCap Realty Advisors, LLC announced the placement of a $4,000,000 first mortgage on the 60,000 s/f neighborhood shopping center, Brentwood Plaza in Long Island

Real Estate Weekly,  August 29, 2007  

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Houlihan-Parnes/ iCap Realty Advisors, LLC announced the placement of a $4,000,000 first mortgage on the 60,000 s/f neighborhood shopping center, Brentwood Plaza in Long Island. The loan is fixed at 6% for ten years, with monthly payments of interest only for 5 years and 30-year amortization thereafter.

There was no fee to the lender and no escrow deposits are required. The property consists of 19 stores anchored by a Compare Foods supermarket. The borrower was represented in the transaction by Aubrey Riecardi of Goldberg Weprin & Ustin LLP, and title was provided by Phil Linz of Stewart Title.

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