Houlihan-Parnes Realtors, LLC is pleased to announce the refinancing of a $4,500,000 first mortgage on the 8,600 s/f Rite Aid pharmacy building located at 41-51 West Fordham Road in the Bronx, New York. The 5-year, non-recourse loan has a fixed rate of 4% with a 30-year amortization schedule thereafter it is interest-only for two years. The loan, closed with a local Bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional 5 years. The Borrower was represented in the transaction by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP and title was provided by Jim Maloney of The Great American Title Agency, Inc.