Location: New York, NY
Property Type: Retail
Transaction Type: Acquisition Financing
Loan Amount: $2,200,000
Details: Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, represented by Jerry Houlihan and James Coleman is pleased to announce the refinancing of a $2,200,000 first mortgage loan encumbering a 1- story brick retail building located at 143-151 Sherman Ave, A/K/A 593-597 Academy Street, New York, New York. The property contains 8 retail stores consisting of 10,000 square feet with partial basements. The 10-year loan has a fixed interest rate of 4.75% for the first 5 years on a 30-year amortization schedule. The loan is pre-payable throughout the term on a declining scale.
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@example.com.
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