Location: Ardsley, NY
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $2,000,000
Details: Houlihan-Parnes Realtors, LLC, is pleased to announce the placement of a $2,000,000 first mortgage on the 17,390 s.f. Ardsley Shopping Center located at 717-725 Saw Mill River Road in Ardsley, Westchester County, New York. The 5-year, non-recourse loan has a fixed rate of 4.50% with a 30-year amortization schedule. 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 Chicago Title.
Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, 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. Our mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC a leading commercial mortgage banking and investment sales company with 26 offices in 20 states nationwide.
Houlihan-Parnes and its 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: firstname.lastname@example.org.
More Info: James J. Houlihan at 914-694-6070 or