Coleman and Houlihan of Houlihan-Parnes close four loans totaling $12.26 million: Includes $5 million for a 12,250 s/f Bronx retail prop.

Houlihan-Parnes Realtors, LLC, affiliated with Q10 Capital, LLC, has closed four loans on retail properties in the New York Metropolitan area totaling $12.26 million. Jim Coleman and Jerry Houlihan represented Houlihan-Parnes Realtors, LLC on these transactions. The loans were all placed for a 10 year term. The interest rate was fixed for the first five years at 4.75%. The first property financed was 4174 White Plains Rd. It is located on the southeastern corner East 233rd St. The property contains 12,250 s/f with 14 tenants including T-Mobile, McDonald's, Dunkin Donuts and H&R Block. There is also a 32 space parking lot in the rear of the property. A $5 million loan was placed on this property. The second property financed was a 13,000 s/f retail strip with 14 tenants located at 44-25 Kissena Blvd. in Flushing, Queens. The tenants include Flushing Saving Bank. A loan in the amount of $3.86 million was placed on this property. The third property financed was Stoneridge Plaza in Middletown. The property is a one story shopping center with seven stores and on-site parking. The tenants include the US Post Office, Catskill Hudson Bank, and a newly opened Greek café. A loan in the amount of $1.7 million was placed on this property. The fourth property financed is located at 434 Mamaroneck Ave., Mamaroneck. The property is located within a block of the Mamaroneck MTA station. A loan in the amount of $1.7 million was placed on this two-story mixed-use property. It has six stores and six offices on the 2nd floor. The tenants include two popular Westchester restaurants, La Provencal and Turkish Meze. Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP represented the borrowers on each of these transactions. 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 Houlihan at (914) 694-6070, ext. 324 or by e-mail at: [email protected].