Hendey of Houlihan-Parnes Realtors places $1.4 million non-recourse loan

Richard Hendey of Houlihan-Parnes Realtors, LLC has placed a $1.4 million five year non-recourse loan on the property located at 587-621 East Boston Post Rd. The building consists of a one story retail building with parking located in the rear of the property. The building is currently rented to 12 non-credit retail stores. The loan was fixed at 4.78% for five years with a twenty-five year amortization schedule and a half point commitment fee paid to the lender. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company. Its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the U.S. Its various companies and affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting.