41-51 W. Fordham Rd.

Property Name: 41-51 W. Fordham Rd.
Location: Bronx, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $3,350,000
Details: Houlihan-Parnes Realtors, LLC, represented by Mike O’Neill, is pleased to announce the placement of a $3,350,000 first mortgage on the 8,600 s.f. Rite Aid pharmacy building located at 41-51 West Fordham Road in the Bronx, New York. The 5-year, non-recourse loan has a fixed rate of 5.25% and was done without a Lender fee. The loan, closed with a local Bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional 5 years. The Borrower was represented in the transaction by Aubrey Riccardi of Goldberg Weprin Finkel Goldstein LLP and title was provided by Jim Maloney of Chicago Title. 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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