4 West Red Oak Lane

Property Name: 4 West Red Oak Lane
Location: White Plains, NY
Property Type: Office
Transaction Type: First Mortgage
Loan Amount: $13,120,000
Details: Kelly Houlihan-Buckley and James J. Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of a first mortgage in the amount of $13,120,000 on a property located at 4 West Red Oak Lane, White Plains, New York. The property is located off of Westchester Avenue where the Hutchinson River Parkway and I-287 intersect. The property is improved with a 135,000 square foot office building with 21 tenants which is managed and leased by GHP Office Realty. The loan was placed with a local bank at an interest rate of 4% for a term of 5 years on a 30 year amortization schedule. The loan features a renewal option and flexible pre-pay schedule. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys.
More Info: James J. Houlihan at 914-694-6070 or contact me