Location: Bedford Hills, NY
Property Type: Industrial/Warehouse
Transaction Type: First Mortgage
Loan Amount: $2,650,000
Details: Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, represented by Jerry Houlihan is pleased to announce the modification of a 2,650,000 first mortgage loan encumbering two contiguous 1- story steel frame and concrete buildings located at 160-178 Harris Road and 180-224 Route 117 By-Pass Road, Bedford Hills, New York. The property consists of the southernmost 2 buildings in a 3-building shopping center situated on 8 acres known as Northern Westchester Plaza Shopping center. The property is located at the northwest corner of Harris Road and the Route 117 Bypass Road (also known as Katonah Bypass Rd) in the Village of Bedford Hills, Town of Bedford, Westchester County, New York.
The 7-year loan now has a fixed interest rate of 4.75% on a self-liquidating amortization schedule. The loan, which closed with a Queens-based Bank, is prepayable 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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