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NEW YORK—Houlihan-Parnes Realtors LLC’s Ed Graf and Ted Sannella have arranged for the refinance of the first mortgage on a multifamily complex in upstate New York, which includes 257 apartments and is located at 380 Chenago Street and 13 Pearne Street in Binghamton, N.Y.
The $5.5 million loan was placed for a five-year term and provides for a five-year renewal option. The borrower was represented by Steven Tierney of Woods, Oviatt, Gilman LLP.
Founded in 1891, Houlihan-Parnes Realtors is a real estate investment company headquartered in White Plains.
