MIAMI LAKES, FL, August 10, 2011 - The Graham Companies
have refinanced a mortgage with New York Life Insurance in the amount of $32 million. The original note was set to mature April 2012 and was secured by three apartment complexes. The lender released the lien on one of the apartment complexes from the original collateral pool and reduced the prepayment penalty in order to get the deal done. Jeff Robertson of NorthMarq Capital
arranged the deal.