Houlihan Parnes/iCap Realty Advisors, LLC.

Houlihan Parnes/iCap Realty Advisors, LLC announced the following transactions:

* Placement of an institutional first mortgage in the amount of $910,000 for the refinancing of a 3-story retail and residential brick building at the corner of 30th Avenue and 45th Street in Astoria, NY. The building is home to the "Quays" Irish pub, where a part of the movie "The Bronx Tale" was filmed. The loan was placed with a Long Island based Savings Bank at a fixed interest rate of 6 1/4% fixed for the first 5 years of a 10-year term on a 30-yr amortization schedule. The Lender charged no commitment fee and the loan allows for prepayment subject to a penalty of 5% for year 1 years, declining 1% every year with a 90 day window to prepay without penalty.

* The placement of a $11,300,000 first mortgage permanent loan to finance a 20,000 s/f Pep Boys store and a 32,500 s/f Micro Center on Route 20, Patterson NJ. The 15 year, fixed rate permanent loan represents 75 % of the appraised value with a 30 year amortization period. The lender provided the borrower with a fifteen month forward rate loan structure during the construction period which fixed the rate and guaranteed the full loan proceeds. Gus Costaldo is responsible for this transaction.

* The arrangement of a private first mortgage for 5.67 acres of land in Penfield (Rochester), NY in the amount of $3,100,000. The land as been approved for the construction of a 158 room Hilton Garden Inn as well as an 82 room Main Stay Suites hotel. A 12 month bridge loan was placed with a group of investors from H-P CAPITAL, LLC, an affiliate of Houlihan-Parnes/iCap Realty Advisors, LLC. This loan will allow the borrowers to finalize their investment group and obtain institutional construction financing. Dave Rabinowitz and James K. Coleman are responsible for this transaction.