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Brokerage
Posted: September 24, 2012
Houlihan-Parnes and Q10 N.Y. place $1.2 million first mortgage; By O'Neill of HP with Smith of Goldberg Weprin represents borrower
Houlihan-Parnes Realtors, LLC (HP) and Q10 New York Realty Advisors, LLC have placed a $1.2 million first mortgage on the Kentucky Fried Chicken restaurant and Clean City laundry facility located at 1959-1979 Bruckner Blvd. in the Parkchester section of the borough.
The non-recourse loan has a fixed rate of 4.25% for five years and had no lender fee. The loan is on a 30-year amortization schedule and is prepayable throughout the term on a declining scale, plus has a five-year extension option.
The loan was placed by Mike O'Neill of Houlihan-Parnes and the borrower was represented in the transaction by Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP.
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.
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