Houlihan-Buckley and Houlihan of Houlihan-Parnes Realtors, LLC arrange first mortgage for $13.12 million

Kelly Houlihan-Buckley and James Houlihan of Houlihan-Parnes Realtors, LLC facilitated the placement of a first mortgage in the amount of $13.12 million on a property located at 4 West Red Oak Ln. The property is located off of Westchester Ave. where the Hutchinson River Parkway and I-287 intersect. The property is improved with a 135,000 s/f office building with 21 tenants which is managed and leased by GHP Office Realty. The loan was placed with a local bank at an interest rate of 4% for a term of 5 years on a 30-year amortization schedule. The loan features a renewal option and flexible pre-pay schedule. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys.