Location: Bronx, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $2,900,000
Details: Jerry Houlihan of Houlihan Parnes Realtors, LLC is pleased to announce the placement of $2,900,000 in first mortgage debt on three Bronx 1-story retail properties located at 26-34 West Kingsbridge Road, 134-138 West Fordham Road and 1735-1745 University Avenue. The buildings have a total of 14,000 square feet and are located on very strong retail corridors.
The 3 separate loans are fixed for 5 years at 3.75% interest with a 30-year amortization schedule. The loans feature flexible terms and provide for extension options.
Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrowers.
More Info: Jerry Houlihan at 914-694-6070 or