299 Berkshire Ave. & 798-810 Howard Ave.

Property Name: 299 Berkshire Ave. & 798-810 Howard Ave.
Location: Bridgeport, CT
Property Type: Apartment/Multi-Family
Transaction Type: First Mortgage
Loan Amount: $1,260,000
Details: Jerry Houlihan of Houlihan-Parnes Realtors, LLC has arranged first mortgage financing in the amount of $1,260,000 for the acquisition financing of two three-story brick apartment buildings in Bridgeport, CT containing 48 apartments and 2 stores. The properties were sold as a short sale for $1,680,000. The loan was placed with a Connecticut based Savings Bank at a fixed interest rate of 4.4% fixed for 5 years with a 5-yr option to renew at 225 bps above the FHLBB rate on a 10 year term payable on a 25-yr amortization schedule. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. 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. Its various companies and 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: jjh@houlihanparnes.com.
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