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Brokerage
Posted: June 23, 2015
Bryan/James Houlihan of Houlihan-Parnes place $2.6m first mortgage loan
Houlihan-Parnes Realtors, LLC, represented by Bryan Houlihan and James Houlihan, has placed a $2.6 million first mortgage on the multi-tenant retail building at 3427 Jerome Ave. The seven-year non-recourse loan has a fixed rate of 3.6% with interest-only for two years. The loan closed with a local bank and is pre-payable throughout the term of the loan on a declining scale. The borrower also has the option to extend the loan for an additional three years. The borrower was represented by Christie Houlihan and Stephen Soleymani of Morrison Cohen, LLP and title was provided by Jim Maloney of The Great American Title Company.
Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental United States. Our mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC a leading commercial mortgage banking and investment sales company with 26 offices in 20 states nationwide.
Houlihan-Parnes and its affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting. For more information, please contact James J. Houlihan at (914) 694-6070, ext. 324 or by e-mail at: [email protected].
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