236-244 Route 9W, Haverstraw, NY

August 2019 – Ed Graf of Houlihan-Parnes Realtors, LLC has arranged a first mortgage loan for a strip center located at 236-244 Route 9W, Haverstraw, N.Y. The retail property is 13,400 SF and consists of 8 stores.  The non-recourse loan, in the amount of $1,100,000, is fixed for 7 years with a 5-year option to extend. The par loan has right to prepay with a 5% penalty in year 1 declining 1% per year, with no penalty in the last three months of the term.