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iCap Realty Advisors.


iCap Realty Advisors announced the following transactions:

* Paul Gardaphe arranged a $1,134,390 financing package for a property located inside

Houston's 610 Loop. The two-story 46-unit garden-style multifamily property was built in 1965 and is 89% occupied.

* Ed Graf arranged first mortgage re-financing for 46 residential units located along 201-205 Park Ave., Albany, New York For other uses, see Albany.
Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers.
. The loan was placed for a ten year term with a 30 year amortization schedule with a fixed interest rate for seven years the loan is for $2,025,000. The lender charged no commitment fee.

* Ed Graf arranged first mortgage financing for the acquisition of a 119 unit multi-family property located at 930 Kirkwood Parkway South, Kirkwood, NY. The loan was placed for a ten year term with a 30 year amortization schedule with a fixed interest rate for three years. The loan is for $2,480,000 and represented 80% of the purchase price. At the time of purchase, the property had 24 units down. The lender charged no commitment fee. The 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.
 premium is 2% the first year, 1% the second year, and 0% the 3rd year.

* Ed Graf arranged first mortgage financing for the acquisition of 111 apartments located at 97-99 Oak Street, 101-103 Murray Street Murray Street may refer to:
  • Murray Street (album) by Sonic Youth, a band from New York City
  • Murray Street, Perth, Western Australia
  • Murray Street, New York City
  • Murray Street, Singapore
  • Murray Street, Ottawa
, 12 Grand Boulevard Grand Boulevard may refer to one of the following:
  • Grand Boulevard (Budapest), Hungary
  • Grand Boulevard (Oklahoma City), Oklahoma, U.S.
  • Grand Boulevard, Perth, Australia
See also
  • Grand Avenue
  • Grand Street
, and 89-95, 126-128 and 157-162 Chapin Street, Binghamton, New York This article is about the City of Binghamton, New York. For the adjacent Town of Binghamton, see Binghamton (town), New York.
Binghamton is a city located in the Southern Tier of New York in the United States. It is the county seat of Broome County.
. The loan was placed for a ten year term with a 30 year amortization schedule with a fixed interest rate for three years. The loan is for $2,120,000 and represented 80% of the purchase price. The lender charged no commitment fee. The prepayment premium is 2% the first year, 1% the second year, and 0% the third year.

* Ed Graf arranged first mortgage re-financing for 40 2-story walk-up buildings with a total of 94 apartments located at 105-44 Green Street, 63-105 Herkimer Street, 94 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , 51-71 South Ferry South Ferry may refer to:
  • South Ferry, Manhattan, the ferry landing at the tip of Manhattan
  • South Ferry, Brooklyn, the former ferry landing at the foot of Atlantic Avenue in Brooklyn
  • South Ferry (ferry), the former ferry between these two points
 Street and 44-77 Westerloo Street, Albany, New York. The loan was placed for a ten year term with a 30 year amortization schedule with a fixed interest rate for seven years. The re-finance loan is for $3,150,000.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Dec 13, 2006
Words:349
Previous Article:GCP Capital Group LLC.(FINANCE)
Next Article:ARCS Commercial Mortgage Co. announced the closing of $4,404,000 in financing an 81-unit property in Palmdale, CA.(FINANCE)
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