Houlihan of Houlihan-Parnes modifies a $2.65m first mortgage for two contiguous one-story buildings in Bedford Hills

Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, represented by Jerry Houlihan, modified a $2.65 million first mortgage loan encumbering two contiguous one-story steel frame and concrete buildings located at 160-178 Harris Rd. and 180-224 Rte. 117 By-Pass Rd. The property consists of the southernmost two buildings in a three-building shopping center situated on eight acres known as Northern Westchester Plaza Shopping center. The property is located at the northwest corner of Harris Rd. and the Rte. 117 Bypass Rd. (also known as Katonah Bypass Rd.) The seven-year loan now has a fixed interest rate of 4.75% on a self-liquidating amortization schedule. The loan is pre-payable throughout the term on a declining scale. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains. 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 Houlihan at (914) 694-6070, ext. 324 or by e-mail at: [email protected].