Northbrook Apartments, 2340 North Avenue

Property Name: Northbrook Apartments, 2340 North Avenue
Location: Bridgeport, CT
Property Type: Apartment/Multi-Family
Transaction Type: Acquisition Financing
Loan Amount: $3,160,000
Details: Jerry Houlihan of Houlihan-Parnes Realtors, LLC has arranged the acquisition financing of a 7-story brick double elevator apartment building containing 67 apartments located on the Fairfield border in Bridgeport, CT. Built in 1964, the building contains laundry facilities, on-site indoor and outdoor parking for about 80 vehicles, security system, telephone operated intercom system, and garage sprinkler system. Apartments are all updated with wall-to-wall carpeting, air-conditioning sleeves, and terraces. The loan was placed with an agency lender for a 7-year term at a market interest rate on a 30 year amortization schedule. 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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