840 Bronx Park South

Property Name: 840 Bronx Park South
Location: Bronx, NY
Property Type: Mixed Use
Transaction Type: First Mortgage
Loan Amount: $1,100,000
Details: Ed Graf of Houlihan-Parnes Realtors, LLC, has arranged first mortgage, re-financing for a 5 story walk-up apartment building containing 13 residential units and 1 store on the ground floor. The property is located at 840 Bronx Park South, Bronx, New York. The loan of $1,100,000 was placed for a term of five years, with a five year option. The initial term is fixed at 4.75% with a 30 year amortization schedule. The prepayment penalty is 5% for the 1st year with a declining 1% per year, thereafter. The loan is on a non-recourse basis. The lender did not charge a fee.
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