White Plains, NY – Jeanne Cronin, an Associate Broker and Senior Director at Houlihan-Parnes Realtors, LLC, is pleased to announce the closing of a $1,815,000 refi-loan on a building she had previously secured acquisition financing for the owners, pre-Covid. The property is a 4-story walk-up apartment building containing 16 units and is located in Sunnyside Queens. All but one of the units are subject to rent stabilization.  The immediate area is improved with a mix of well-maintained residential apartment properties and within walking distance to a wide range of commercial and retail businesses that line Roosevelt Avenue and Queens Blvd. The new loan was placed with a major NY-based lender who provided a PAR loan for a 15-year term with the first 5-yrs fixed at 6.14%. The rate floats thereafter with the ability to prepay the loan without penalty for the remaining 10-years.