Sheldon and Fred Stahl of Houlihan-Parnes finance $3.85 million

Houlihan-Parnes Realtors, LLC, an affiliate of Q10 Capital, LLC, has arranged a new first mortgage on the property located at 30-32 East 38th St., a six-story elevator apartment building located between Park Ave. and Madison Ave. in the Murray Hill section. The ten-year non-recourse loan of $3.85 million has a fixed interest rate of 3.55% for five years with the first two years, interest only. The interest rate resets after five years at a spread over six months libor. Sheldon Stahl and Fred Stahl of Houlihan Parnes arranged the loan on behalf of an affiliated entity, and CLK Properties. 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 J. Houlihan at (914) 694-6070, ext. 324 or by e-mail at: [email protected].