Bronx, NY – January 2026 – Houlihan-Parnes Realtors, LLC is pleased to announce that Ed Graf has successfully arranged first mortgage financing for a 12,204-square-foot retail strip center located at 3408 Boston Road, Bronx, New York.

The multi-tenant retail property is currently occupied by seven tenants and continues to serve as a neighborhood retail destination.

The financing totaled $3,000,000 and was structured with a three-year term at a fixed interest rate of 6.16%, based on a 30-year amortization schedule. The loan includes a descending prepayment penalty schedule of 3-2-1, along with a 90-day open prepayment window, allowing the borrower to satisfy the loan without penalty during that period. Upon completion of the initial three-year term, the loan converts to an adjustable-rate structure.