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Debt & Equity

Houlihan-Parnes secures $15 million mortgage on Mt. Pleasant properties

Andrew Greenspan, James J. Houlihan and Bryan Houlihan of Houlihan-Parnes Realtors, LLC and GHP Office Realty have secured placement of a first mortgage in the amount of $15 million on two properties located at 115-117 Stevens Avenue, Mt. Pleasant, New York.

The complex contains a total of 182,630 rentable square feet that is managed and leased by GHP Office Realty. The fixed rate loan was placed with a local bank at an initial interest rate of 3.85 percent for a term of 15 years.

The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorney.

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