Location: White Plains, NY
Property Type: Retail
Transaction Type: Acquisition Financing
Loan Amount: $650,000
Details: Houlihan-Parnes Realtors & Q10 NY Realty Advisors, LLC are pleased to announce the placement of a $650,000 first mortgage on 124-128 East Post Road, a 5,800 s.f. building at the corner of Court Street in White Plains, NY. The 5-year, non-recourse loan is fixed at 4.50% interest on a 30-year amortization schedule, plus has a 5-year option.
124-128 East Post Road is located one block from Mamaroneck Avenue and currently houses Full Moon Thai Restaurant, El Cafetero, a Columbian Bakery & it’s newest addition Papaniche. Papanice Ristorante will be the second restaurant for Owner and Chef Ralph Pisani. Mr. Pisani’s other establishment, Abatinos in White Plains has been a mainstay in North White Plains for over 25 years.
The Borrower was represented in the transaction by Craig Weitz of Metro Property Group & Houlihan Parnes Realtors. Michael Lynch, Esq was borrowers counsel. Title was provided by Wayne Baird of First American Title.
Houlihan Parnes Realtors, LLC is a multi-dimensional privately owned real estate company founded in 1891. The company has a significant number of multi-family and commercial buildings throughout the United States. Houlihan Parnes Realtors, LLC and its affiliated companies also provide a wide array of services including sales, mortgage finance, management, leasing, servicing, and consulting services.
Metro Property Group is a Houlihan Parnes affiliated management company under James K. Coleman’s supervision. The company manages a number of Houlihan Parnes Investment properties and provides third party management services.
More Info: James J. Houlihan at 914-694-6070 or