Location: White Plains, NY
Property Type: Office
Transaction Type: Refinance
Loan Amount: $6,000,000
Details: Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC are pleased to announce the placement of a new first mortgage in the amount of $6,000,000 on a property located at 170 Hamilton Avenue, White Plains, New York. The property is located in the heart of downtown White Plains just steps away from Metro North Railroad station, the White Plains Courthouse and many shops and restaurants. The property is improved with a 60,000 square foot office and retail building with 16 tenants which is managed and leased by GHP Office Realty. The loan was placed with a local bank at an interest rate of 4.25% for a term of 5 years on a 30 year amortization schedule. The loan features a renewal option and flexible pre-pay schedule. The loan was arranged by Bryan J. Houlihan and James J. Houlihan of Houlihan-Parnes Realtors, LLC. The title was arranged by Michael Karger of Madison Abstract. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys.
GHP Office Realty is the office building division of Houlihan-Parnes Realtors, LLC which is presently one of the New York area’s leading owners, operators and purchasers of suburban redeveloped, leased and managed more than 6,000,000 square feet. Regionally, the partners presently own and manage buildings in Westchester and Rockland Counties, New York, in Fairfield County, Connecticut, in Bergen County and Princeton, New Jersey, and in Fort Worth, Texas. Privately funded and well-capitalized, GHP Office Realty is stable, strong, and poised to flourish in the coming years of real estate recovery. For more information please contact Andy Greenspan at 914-642-9300 ext. 346 or by email at: email@example.com.
More Info: James J. Houlihan at 914-694-6070 or