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Houlihan-Parnes Realtors, LLC.


Jack Houlihan of Houlihan-Parnes Realtors, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 has arranged a $2.4 million first mortgage on a 40,000 square-foot, nine-story office building on West 13th Street in the Flatiron District of Manhattan. The interest rate was fixed at 6.8 percent for the entire 10-year term and payments will be based upon a 25-year amortization schedule. No fee was charged by the lender and this non-recourse, assumable loan also features a flexible, sliding scale slidĀ·ing scale
n.
A scale in which indicated prices, taxes, or wages vary in accordance with another factor, as wages with the cost-of-living index or medical charges with a patient's income.
 prepayment Prepayment

1. The payment of a debt obligation prior to its due date.

2. The excess payment over a scheduled debt repayment amount.

Notes:
1. Examples include deferred expenses such as rent and early loan repayments.

2.
 in the last five years of the 10-year term.

The subject property is owned by a local investor who brought the property in 1980, after which he converted it from loft to office status. There are currently nine floor-through tenants with a store on the ground floor. The loan was placed with a local savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , which was represented by Siller Wilk.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 13, 1999
Words:137
Previous Article:Parallel Capital.
Next Article:Harvey P. Katz Associates.
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