7-11 South Broadway

Property Name: 7-11 South Broadway
Location: White Plains, NY
Property Type: Office
Transaction Type: First Mortgage
Loan Amount: $6,500,000
Details: Houlihan-Parnes Realtors, LLC is pleased to announce the placement of a $6,500,000 first mortgage on the 70,000 sf, multi-tenanted office building located at 7-11 South Broadway, White Plains, New York. The non-recourse loan is fixed at 6.25% for five years with a 30-year amortization schedule. The Lender received a 1/2-point fee, the loan can be prepaid with a declining prepayment premium, and the Borrower has a 5-year option to extend. The 4-story building in the central business district of White Plains is currently 83% occupied. The loan was placed by Mike O'Neill of Houlihan-Parnes and Elizabeth Smith of Goldberg Weprin represented the borrower in the transaction. 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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