Houlihan of Houlihan Parnes places $2.9 million first mortgage debt

Jerry Houlihan of Houlihan Parnes Realtors, LLC has placed $2.9 million in first mortgage debt on three one-story retail properties located at 26-34 West Kingsbridge Rd., 134-138 West Fordham Rd. and 1735-1745 University Ave. The buildings have a total of 14,000 s/f and are located on strong retail corridors. The three separate loans are fixed for five years at 3.75% interest with a 30-year amortization schedule. The loans feature flexible terms and provide for extension options. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrowers. Houlihan-Parnes is a multi-faceted real estate investment company headquartered in White Plains. 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 U.S. Their mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC, a 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: [email protected].