41-51 West Fordham Road

Property Name: 41-51 West Fordham Road
Location: Bronx, NY
Property Type: Retail
Transaction Type: Refinance
Loan Amount: $4,500,000
Details: Houlihan-Parnes Realtors, LLC is pleased to announce the refinancing of a $4,500,000 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 4% with a 30-year amortization schedule thereafter it is interest-only for two years. 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 Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP and title was provided by Jim Maloney of The Great American Title Agency, Inc.
More Info: James J. Houlihan at 914-694-6070 or contact me