Location: Bronx, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $1,000,000
Details: Jeremiah A. Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a 1st mortgage in the amount of $1,000,000 encumbering of a 6,500 sf property improved with a one-story brick taxpayer containing five stores that total 5,335 sf plus basements located at 3600-3614 White Plains Road in the Gun Hill section of the Bronx, NY.
The loan was placed with a Savings Bank at a 5-year fixed interest rate of 3.21% on a 30-year amortization schedule. The Lender charged a no commitment fee and the loan has a sliding scale penalty in the case of prepayment.
More Info: James J. Houlihan at 914-694-6070 or